Kevin Wadsworth: Bullish Signals All Set for Gold, Silver, Uranium, and Bitcoin
Tom welcomes a new guest Kevin Wadsworth. Kevin has an extensive career in weather forecasting, which he has leveraged into technical analysis of markets. Kevin discusses many of the indicators he likes to use, particularly over the long term and the patterns he wants to see. He discusses the sixteen- and eight-year cycles in the gold market and why these patterns exist.
Gold remains quite undervalued based on his technical indicators. There are significant similarities with today’s gold market when compared with that of 2003. He believes we are setting up for a multi-year bull market. Similar indications exist with silver.
He discusses the Energy Fuels chart and why it looks extremely bullish when you consider just how far we have come down from the past market highs.
Bitcoin is also looking increasingly bullish. A clear move above $9800 will be an excellent sign.
Investors should focus on the fundamentals and look for clear lines of support and resistance along with indicators that give clear signals of where we may be heading.
Time Stamp References:
1:50 – Indicators he recommends.
5:30 – Gold 8 and 16 year cycles
8:00 – Gold chart and thoughts.
10:40 – Base and Arc patterns.
16:15 – Stops and trading strategies.
18:00 – Miners and leverage.
20:15 – Silver market thoughts.
24:15 – Dollar slide or rise?
29:05 – Uranium and Energy Fuels.
31:30 – Cryptocurrencies and Bitcoin.
Talking Points From This Episode
• Forecasting the markets with technical indicators.
• Gold and Silver long-term charts and technicals.
• Uranium and uranium equity technicals keep improving.
• Bitcoin is looking increasingly bullish.
Kevin Wadsworth has a background in meteorology, having spent over 25 years in military and civilian weather forecasting. Over the years, his career has involved everything from briefing pilots to producing commercial advice to utility companies and providing TV and radio broadcasts. His current role is as a Civil Contingency Advisor consists of linking with the emergency response community. He gives advance notice of life-threatening weather events and advice during events that are influenced by the weather, such as wildfires and industrial accidents.
The science behind weather forecasting aims to unlock methods and techniques for predicting the future with ever-increasing accuracy. A friend and colleague helped spark an interest in the global economy and the financial world in the early 2000s. The financial crash of 2008 got Kevin hooked, and he gradually became aware of the similarities between forecasting the future weather and forecasting future price movements in the financial markets. Around that time, he read an abridged version of Strauss and Howes ‘The Fourth Turning’, which intrigued him.
The cyclical nature of markets mirrors the cyclical nature of the weather and seasons. The process of gathering evidence via multiple computer models that assess the likelihood of all possible future outcomes works just as well for predicting the future price of gold for predicting whether it’s likely to rain on the weekend or not.
His focus is on ‘tuning out’ of all the ‘noise’ and presenting clear and uncluttered charts and gathering together all of the evidence. Kevin tries to have no bias but instead follow the weight of evidence. He says, “I’m not a bull or a bear; I’m simply presenting the evidence as I see it.”
Kevin regularly posts on goldtadise.com and recently has been putting his charts onto Twitter.