Posted on
Posted on
Gold vs. Stock Market Hits 17-Month Low
It was another bad week for precious metals as Gold declined 1%, Silver over 2% and the miners lost over 6%. The S&P 500 closed the week at a new record high. The Gold to S&P 500 ratio closed the week at a new 17-month low. Click Here to Learn About TheDailyGold Premium
Posted on
Status of Gold’s Bullish Cup & Handle Pattern
Posted on
Recession Signal 2024 at Code Yellow
A steepening in the yield curve to above 0 and in a vertical fashion indicates an imminent recession. The yield curve has steepened to -0.17 and flashing yellow. If the steepening continues and accelerates, then it would be code red and super bullish for Gold.
Posted on
Gold Remains Rangebound as Silver Underperforms
Gold enters the week at $2052. It has support at $2020 and $2000. Gold is trading at the midpoint of its range and has already tested resistance at $2100. Meanwhile, Silver has not come close to testing its previous high and is trading at the low end of its range.
Posted on
TheDailyGold Premium #865
Posted on
Top 3 Technical Analysis Errors on Silver
There is no cup and handle pattern in Silver (although there is super bullish potential if it approaches $50), nor is there a bull flag and we have to stop drawing diagonal resistance from the 2011 peak.
Posted on
TheDailyGold Premium #864
Posted on
Gold/Silver Ratio Climbs to Start 2024
It was a quiet week for Gold, Silver and the miners. Resistance remains at $2100 for Gold, while Silver remains well below $26. The miners lost 4%-5% on the week.
Posted on