Editorials

This week, I published a video update evaluating whether gold stocks are cheap or undervalued. There is a difference. But I digress.   After publishing the video and reviewing the comments, my biggest takeaway was that gold stocks are hated.    After a nearly three-and-a-half-year-long bear market, one can imagine how investors and speculators feel … Continue reading

I have been writing about Gold’s super bullish cup and handle pattern since 2021.   The pattern is super bullish because the handle consolidation of the past few years has transpired above the 38% retracement (around $1675/oz), and the peaks are above the peak from 2011 at the start of the pattern.    The … Continue reading

I have been writing about this for years, but it bears repeating because many gold bugs deny or gloss over its reality.   Although Gold is hovering around all-time highs, the precious metals sector will remain in a secular bear market until the stock market and the economy crack.   Let’s review the historical … Continue reading

Gold has pulled back after a mini-blow-off on Monday that followed a new monthly and weekly all-time high.    It had cleared monthly resistance at $2000 and weekly resistance near $2030 before surging intraday to over $2100. Gold has settled in the $2000s with strong support, around $2000.   Although Gold has not broken … Continue reading

Since its peak in August 2020, Gold has moved towards a breakout on multiple occasions but failed in every case.    Nevertheless, as of Thursday, November 16, Gold is within 4% of a daily all-time high and 2% of a weekly all-time high. It appears only weeks, if not months, from a historic breakout. … Continue reading

Gold touched $2000/oz resistance last Friday but has so far held most of its gains in a bullish fashion. It closed Wednesday at $1995/oz.    Next Tuesday marks the monthly close.   The monthly candle chart of Gold is below, with the resistance line at $2000. Gold has tested $2000/oz in seven of the … Continue reading

Jordan Roy-Byrne, Founder and Editor of The Daily Gold, outlines both the technical and intermarket levels he is watching on the charts but balances that out with the macroeconomic data driving market expectations.  We start off getting some pricing support and resistance levels on gold, silver, GDX, and GDXJ, and a look at how gold … Continue reading

Gold has rocketed higher in recent weeks and hit $2000 on Friday before backing off a bit. Gold is overbought which is bullish but in the short-term it likely pauses or corrects. Look for support at $1940 and $1920. Click Here to Learn About TheDailyGold Premium

Amid escalating conflict in the Middle East and its oversold condition, Gold surged higher last Friday to nearly $1945/oz.   That surge occurred days after a bullish intraday reversal from $1823/oz on October 6 and a gap higher on October 7. Then Gold continued higher for a few days before Friday’s explosion.   In … Continue reading

The current macroeconomic backdrop should ultimately lead to a favorable outcome for precious metals, but, in the interim, it is putting pressure on that asset class. Most notably, higher real interest rates and a strengthening greenback provide headwinds.   The timing of the transition to that favorable outcome is difficult to discern.   However, … Continue reading