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Ongoing Correction in Gold, Silver & Gold Miners
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
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Gold Stocks to Outperform Gold Massively
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
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Gold Stocks Showing Relative Strength
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
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Gold Has Done This Only Twice
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
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Major Breakouts and Multi-year Moves in Gold & Stocks
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
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Failed Breakout in Gold Amid Russia Invasion
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Gold Stocks Next Leg Up
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Your Gold Macro Playbook for 2022
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