David Chapman Profile
David Chapman

@Davcha12

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David is an independent economic, market and technical analyst Chief Strategist, Enriched Investing and brings 40 years + experience in the financial industry.

Toronto, Ontario
Joined April 2013
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@Davcha12
David Chapman
1 day
Thanks to weak job numbers #gold #silver and #goldstocks leaped. Targets remain 3800 #gold 42/43 #silver. Target #TGD 714 (current 645) and #HUI 550. Reminder we are currently overbought particularly the #goldstocks. Can't go broke taking a profit. But we seem to be in a meltup.
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@Davcha12
David Chapman
4 days
Record highs #Gold #TGD. New 52-week highs #Silver #HUI. Everything golden. We're starting to get a bit overbought. So be wary and always remember you can't go broke taking a profit. #Gold pointing to 3800 silver to 42/43. Need confirmation with 3 days close over breakout points.
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@Davcha12
David Chapman
6 days
Lots to talk about. #JacksonHole, #Fed governors fired, #GDP in US Canada, #Nvidia, #ConsumerSentiment tanking, new highs for #stockmarket lower close, a top?, #Gold breaking out. September is worst month of the year and things are not shaping up well.
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@Davcha12
David Chapman
8 days
We're still awaiting a breakout above 3500 #gold. #Silver futures are pushing through 40 but we want to see closes over the level. Breakpoints for #SPX are 6300 and 6200. Watch carefully as we may be topping. #Bitcoin falling again target 100K minimum. The world is unfolding.
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@Davcha12
David Chapman
9 days
Another sleepy day despite #Nvidias numbers and the #GDP Q2 numbers. Despite Q2 numbers looking good the average for Q1 and 2 is only 1.25% growth about largely as expected. #USDX down #gold up but #goldstocks languishing. 3500 and #silver 39.50 remain elusive but we'll get there.
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@Davcha12
David Chapman
10 days
A sleepy day. #Stockmarket up small #gold down small #goldstocks off. #GDP TM 2nd est. We'll watch #joblessclaims #PCE on Friday. Next week the Aug #jobnumbers but we don't know what to expect. Still awaiting #gold #silver new highs even as #TGD and #HUI are making new highs.
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@Davcha12
David Chapman
12 days
We’re back! #Bitcoin breaking under $112k. Projects lower by at least $10k. #Gold flattish but #goldstocks up again suggesting both #gold and #silver should soon make new highs. #Stockmarket threatening to break lower. Beware September.
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@Davcha12
David Chapman
18 days
Another weak day for #gold #silver #goldstocks. All down. Could we be near a low? Or? #JacksonHole Friday so maybe we'll get something out of that. #DJI but other indices down. Feels like summer doldrums. If we don't get our low in #gold this month it'll be next month.
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@Davcha12
David Chapman
19 days
Another quiet day with #gold flatish #goldstocks off and #stockmarket topping. We await breakouts to new #highs for #gold and #silver. After big reversal day last week #Bitcoin continues down. Believe a major top might be in. Under $112K #Bitcoin in trouble.
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@Davcha12
David Chapman
20 days
Interesting week with #reversals in #markets. Have we topped? #Gold still awaiting breakout move. This week #JacksonHole and #FedChair Powell speaks. Do they cut or not? #PPI much higher.
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@Davcha12
David Chapman
22 days
#Retailsales better than expected. #Markets mostly flatish. #Goldstocks have a bid even as #gold itself flatish. The #goldstocks keep telling us that #gold should eventually rise. #Silver too. The #stocmarket continues to struggle up and here and matter of when it cracks not if.
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@Davcha12
David Chapman
23 days
Big outside day #reversal occuring in #Bitcoin. New all-time high followed by #reversal lower low. Key reversal? Time will tell but this doesn't look good. Higher than expected #PPI has #stocks falling and even #gold wavering. #Goldstocks falling as well. None of this looks good.
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@Davcha12
David Chapman
24 days
#CPI largely as expected with #coreCPI remaining stickily higher. #Stockmarket surges on expectation of Sep #Fed cut with #gold up marginally and #silver up sharply. #Goldstocks flat to off modestly. Still need #gold to break above 3500 silver above 39.50 to suggest next level.
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@Davcha12
David Chapman
25 days
#Stockmarket reacts +ve to marginal lower #CPI but seem to ignore uptick in #coreCpi. #Gold off small as are #goldstocks. No big follow through to downside for #gold after yesterday's debacle. #Goldstocks held in a +ve sign. Still need to break 3450 to suggest over 3500.
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@Davcha12
David Chapman
26 days
#Gold volatility kicks in given uncertainty over the #tariffs on #gold #bars. #Gold taking a kicking. #Goldstocks no doubt will too. Watch and see if buying comes in later to bouy the market. Support 3350 3300. Break of 3250 would be more problematic and could then target 3000.
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@Davcha12
David Chapman
27 days
#Tariffs, #tariffs, #tariffs, #Fed wars, #BLS firings, record high for #TGD again, #Canada #jobnumbers, #stockmarket bouncing back, #gold awaiting breakout, #bond yields rising? Another interesting week.
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@Davcha12
David Chapman
29 days
Thanks to #DJTs tariff on #gold bars #gold is soaring to new highs. Spread between #cash #gold and front #futures has widened to $100+. First targets could be 3800 but let’s close over 3500 for a couple days first to help confirm this potential breakout.
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@Davcha12
David Chapman
1 month
As the #tariffs wars escalates #gold has turned higher again. We await new highs over 3500 #silver over 39.50. #Goldstocks continue to make highs leading the way. Market becoming bit overbought but still looks good. ##Stockmarket beginning to tilt once extent of #tariffs sink in.
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@Davcha12
David Chapman
1 month
The #SPX has filled gap left Aug 1 suggesting we could again see new #highs despite warning signs of state of the #stockmarket. #Gold still awaiting breakout of 3500 that could be a run to 4200. #Goldstocks up again #HUI #TGD new highs suggests #gold #silver should also breakout.
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@Davcha12
David Chapman
1 month
The #goldstock #indices #HUI #TGD have made new highs TD #TGD new all-time highs. Suggests to me that both #gold and #silver should soon follow #gold over 3500 #silver over 39. Keep an eye on the nuclear threats Russia/US. Not many paying attention to it. Bluff? Or what?.
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