Who is not expecting a correction in precious metals right now?   It’s always the smart, sensible, but knee-jerk posture following a rebound that follows a bear market.   I even wrote about potential downside targets when the sector hit resistance roughly six weeks ago.   But the reality is that Gold and gold … Continue reading “Don’t Expect a Big Correction in Gold & Gold Stocks”

Gold closed last week at $1922, eclipsing weekly resistance at $1900 and putting itself in position to test major resistance at $1950, if there is any follow through. Meanwhile, Silver, which closed Friday strong, has not moved in a month. The price action looks like a bullish consolidation but how bullish is that if it … Continue reading “Video: Gold Eyes $1950 Resistance”

Gold and the 2-year yield are not perfectly correlated but a falling two year yield (after a rate hike cycle) usually leads to rate cuts, which are bullish for Gold. If the 2-year yield falls to 3.50% and below, it would also be a negative for the stock market. Gold and the stock market may … Continue reading “Video: Developing Macro Signal for Gold”

Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review if a large move down in general equities, whether from recession pressures or a black swan event,  could pull precious metals down with it later this year. Click Here to Learn About TheDailyGold Premium  

In this video we compare the current rebound in GDXJ to the past rebounds from lows in 2005, 2008, 2016, 2018, and 2020. The current rebound fits in between the three sharp rebounds and 2018 and 2005. If Gold breaks out this year past $2100/oz then this rebound could follow 2005 over the next 9 … Continue reading “Video: Junior Gold Bull Analog & GDXJ Levels”

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In our last article, we noted that Gold is outperforming everything.    It is trending higher and positioned above rising 200-day moving averages when charted against the stock market, bond market, commodities, and foreign currencies. Yesterday it closed at a fresh two-year high against the conventional 60/40 portfolio.   To be sure, on a technical … Continue reading “What Can Stop Gold Now?”

Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to discuss both the fundamental and technical factors that demonstrate gold, silver, and the PM mining stocks have clearly bottomed and are in a new uptrend. Click Here to Learn About TheDailyGold Premium