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Vince Lanci discusses most recent technical action in Gold & Silver, the return of big money macro buyers in recent days, and his buying more GDX on the back of the breakout in the advance/decline line.

If Gold and Silver continue to hold $2290 and $29, then there is a good chance of fireworks in the second half of 2024. If the economy weakens, leading to Fed easing, capital would flow into Gold ETFs and Gold would break resistance against the 60/40 portfolio. Click Here to Learn About TheDailyGold Premium  

History will reflect on Gold’s breakout in March from a 13-year cup and handle pattern as extremely significant and the major turning point for a new secular bull market in precious metals.   However, Gold has yet to break out in real terms.   A breakout and strength in real terms is imperative for … Continue reading

There was no big dump or big buying into month end or quarter end for Gold and Silver. The metals and miners remain in correction mode and we require more evidence to give better probability to how the correction plays out and where the bottom will be. Click Here to Learn About TheDailyGold Premium

Darcy Marud, CEO of Western Exploration provides a background on the company’s Aura project in Nevada and its multiple deposits. He discusses the Gravel Creek deposit and the plan in 2024 to grow a current discovery there. Click Here to Learn About TheDailyGold Premium  

The technical setup of Gold & Silver is similar to the one that preceded the huge gains in the 1970s. Secondly, the 1970s bull was fueled by twin secular bear markets: in both stocks and bonds. In the 2000s, only stocks were in a secular bear. Today, bonds are in a secular bear and stocks … Continue reading

Gold has made six major breakouts since the end of the Gold Standard in 1971.    Only two of the breakouts retested the breakout. Those two were the two previous breakouts to new all-time highs: 1978 and 2009.    Precious Metals are weakening ahead of the end of the month and quarter. The odds of … Continue reading

Latest whipsaws in Gold cloud prognosis into next week and the end of month and end of the quarter. Gold, for now, has support at $2300 and Silver has initial support around $29. The miners are providing some encouragement. Click Here to Learn About TheDailyGold Premium