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Last week I wrote that the stock market had veered away from the course of a mega-bear market.   The rebound in the stock market has triggered several breadth thrusts, which (usually after a correction or bear market) signal more upside in the immediate future. It is not a coincidence that Gold and Silver … Continue reading

The nasty reversal from a few weeks back and the prospect of higher yields could weigh on Gold and Silver in the short-term. Until the market starts to sniff out a recession and bond yields drop, Gold and Silver could remain under pressure. Key support levels are $1835 and $1790-$1800 for Gold and $20 and … Continue reading

Major moving averages and Fibonnaci retracements are filling into create significant support for Gold at $1800. If Gold holds this level over the next few months then it keeps the 2019 playbook alive. In that scenario, Gold can breakout in 2023. However, in the scenario that Gold falls below $1800, then it would take more … Continue reading

Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to discuss his technical outlook on the gold, silver, and precious metals mining stocks, and reviews the rationale and challenges with some technical theses that we see regarding silver being in a bull flag or GDX being in an inverse head and shoulders pattern. … Continue reading

The strength in the stock market and recent jobs report augur for higher yields in the short-term. The 2-year yield rebounded from support at 4.00%. This could lead to short-term expectations of a tighter Federal Reserve and no expectations of rate cuts this year. It’s short-term negative for Gold. The major driver for Gold continues … Continue reading

Although it looks like it, Silver is not in a cup and handle pattern formation because it has corrected too much. That does not preclude the chart looking super bullish when Silver surpasses major resistance at $27. Gold is in a cup and handle pattern and a strong one as long as it continues to … Continue reading

Gold and Silver closed last week with a nasty reversal to the downside. The winter rebound is over and a correction has begun. Click Here to Learn About TheDailyGold Premium

I have written about this topic quite a few times. I am writing about it again today because it will become an extremely important indicator for precious metals within the next 12 months.    Gold has enjoyed a great rebound and has approached its 2020 and 2021 highs. But the stock market has also … Continue reading