Precious Metals have been hit hard in recent weeks but what is happening in the global macro world is necessary for a real bull market to begin in Gold, gold stocks, and Silver.   Recently and historically, every big move in precious metals has transpired around either a significant correction or bear market in … Continue reading “New Gold Bull Market to Begin Soon”

Last week we wrote about the next fundamental catalyst for Gold, which could be three or four months away.    Today we write about what will lead to that catalyst.   Markets are a discounting mechanism. They anticipate and reflect the near future.    Gold isn’t going to decline continuously until a Fed policy reversal. … Continue reading “Here is What Starts Gold’s Next Uptrend”

  Amid the false breakout in the gold and silver miners and what appears to be the false breakout in Gold (above $1900), I want to step back and review the fundamental landscape.   Yes, inflation is raging, and that should be good for Gold. But not yet.   The reason is twofold: real interest … Continue reading “The Next Fundamental Catalyst for Gold”

  Gold and silver stocks had been consolidating bullishly while Gold and Silver corrected.   We documented it in recent weeks and even anticipated more consolidation and correction.   However, Gold was able to break resistance at $1960, which was enough to launch the already strong gold and silver stock ETFs into a fresh breakout. … Continue reading “Gold & Silver Stocks are Overbought, but That’s Bullish”

I have been writing quite a bit about the super bullish setup in Gold.   The textbook cup and handle pattern has a measured upside target of $3,000 and a logarithmic target as high as $4,100. There’s also a smaller cup and handle pattern that projects to $2,500.   But, it is important to note, … Continue reading “Ongoing Correction in Gold, Silver & Gold Miners”

Gold mining stocks as a whole have underperformed Gold since 2007. The GDX to Gold ratio from its 2007 peak to its 2015 bottom declined 80%.   The Gold price peak in 2008 was about where it bottomed at the end of 2015. That’s over seven years of a flat market coupled with steady increases … Continue reading “Gold Stocks to Outperform Gold Massively”

After nearly reaching an all-time high, Gold is correcting and consolidating. It needs some time to digest the recent surge before attempting to break to a new all-time high.   Since Gold is correcting and declined more than $150/oz, we can assume the miners, juniors, and silver stocks are lagging as they typically do.   … Continue reading “Gold Stocks Showing Relative Strength”

Gold is correcting a short-term overbought condition.   Gold surged nearly $300/oz in less than six weeks and almost touched its all-time high. It was a logical point from which a correction could begin.   This is only the third time in Gold’s history in which it corrected after reaching or approaching the previous all-time … Continue reading “Gold Has Done This Only Twice”

Gold looks to be in the midst of a historic breakout.    I have written quite a bit about Gold’s super bullish cup and handle pattern, which has a measured upside target of $3,000 and a log target of roughly $4,000.   To understand the significance, one should study similar historic breakouts in Gold and … Continue reading “Major Breakouts and Multi-year Moves in Gold & Stocks”

  Buy the rumor, sell the news.   Traders were front-running the invasion.    They pushed Gold from $1840 to $1975 in eight trading days. On Thursday, the day of the invasion, Gold advanced from $1910 to $1975 before reversing nearly $100.    Gold has closed the week below $1900 and figures to close the … Continue reading “Failed Breakout in Gold Amid Russia Invasion”