Toby Connor

About the Author

Toby Connor's website GoldScents is a financial blog focused on the analysis of the stock market and the secular gold bull market. If you would like to be added to the email list that receives notice of new posts to GoldScents, or have questions, email Toby.

Chart of the Day - Dollar bear market

Toby Connor
July 28, 2016
The first stage in a bear market begins with a severe drop below the 200 day moving average. This serves as the shot across the bow warning. Then there is usually at least one more attempt to recover the 200. When it fails the bear market starts in earnest. The dollar has dropped below the 200 this morning​

Chart of the Day - Nasdaq pulling the market up, and down

Toby Connor
July 26, 2016
I think we can expect that when the Nasdaq tests the all-time highs, it should pull back. After that test it will take the rest of the markets down with it. Nasdaq will likely pull back to the 5,000 level

Chart of the Day: S&P 500

Toby Connor
July 7, 2016

The very beginning of a new intermediate cycle is the single most dangerous time to short stocks. The average gain is 6-8% in the first 12-18 days.

Chart of the day: Dow Jones Transportation Average

Toby Connor
August 21, 2015
Today's chart of the day is on the Dow Jones Transportation Average ($TRAN).

CRB heading into its three-year cycle low

Toby Connor
October 6, 2014
Now that oil has made a lower intermediate, low warning bells are ringing that the commodity complex has more than likely begun the move down into its three-year cycle low.

CRB heading into its three-year cycle low

Toby Connor
October 6, 2014
Now that oil has made a lower intermediate, low warning bells are ringing that the commodity complex has more than likely begun the move down into its three-year cycle low.

Gold market: Is manipulation alive and well?

Toby Connor
August 25, 2014
If one looks at a longer term chart of the last two years it’s very clear that gold is being capped at certain levels, and those levels are slowly forcing gold lower and lower.

Gold setup for final takedown

Toby Connor
March 31, 2014
Any move above the 2012 high will turn this three-year cycle bullish.

Focusing in on the gold market: Next week's moves

Toby Connor
March 9, 2014
Is it time for the long-term bullish trend in stocks to start bleeding into the gold market?

Another big move coming up in mining shares

Toby Connor
March 5, 2014
As gold is now late in its daily cycle I'm looking for one more dip down into Friday's employment report to complete the short-term correction. Then I look for gold's third daily cycle to test the $1,425 resistance zone over the next month.