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Last week, we wrote about the Near Perfect Setup in gold stocks but that a correction or pause was likely before a sustainable breakout.    Gold closed the week at $2900 after trading as high as $2968. It has measured upside targets of $3000 and $3050.    It is overbought, which is a long-term positive, … Continue reading

Gold stocks have enjoyed a strong move while Gold has climbed to $2900/oz. The various ETFs and indices have gained 20% since the end of December.    Gold is approaching measured upside targets of $3000/oz and $3050/oz, and the gold stocks are short-term overbought as they approach multi-year technical resistance.     HUI and GDXJ … Continue reading

Precious Metals closed last week and January strong, particularly Gold. The ancient metal of kings closed January up over 7% and Friday at a weekly all-time high of $2835/oz.   Silver, though far from an all-time high, closed the month up over 10% at $32.26/oz. Surpassing resistance at $32-$33/oz would take it to $35/oz. … Continue reading

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Gold’s breakout from a 13-year cup-and-handle pattern should have been more significant for the precious metals sector.   It was not because of continued strength in the stock market and the lack of strength in precious metals in real terms.    The good news for 2025 is there are quite a few potential breakouts … Continue reading

Greg Weldon covers the macro outlook for 2025 and what will trigger the next big move in Gold and gold shares. Email Gregweldon@weldononline.com for a report on his outlook for 2025.