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Silver continues to lead the sector lower with another 4% decline on the week. Gold declined by 1%. The gold and silver stocks are acting reasonably well considering the technical damage in Gold & Silver. Click Here to Learn About TheDailyGold Premium  

GDX is battling monthly and quarterly resistance around $37.50. A clean, strong break above triggers a potential measured upside target of $55, the 2010-2012 resistance highs. A steepening in the yield curve and the start of Fed easing would be the fundamental trigger for this move. Click Here to Learn About TheDailyGold Premium

Gold falls back into the $2300-$2400 consolidation range as Silver drops 6% on the week, threatening support at $29. The miners took a hit but weakness bought to close the week. Click Here to Learn About TheDailyGold Premium

Gold breaks out from its bullish flag pattern but there is another signal that is approaching code red. Various yield curves are steepening and about to un-invert. Historically, that is a recession signal and the time when Gold starts to outperform the stock market. Click Here to Learn About TheDailyGold Premium

Liberty Gold CEO Cal Everett discusses the company’s flagship Black Pine project, its exploration potential, upcoming pre-feasibility study and the company’s Goldstrike project. Both projects are past producing mines (in Utah and Idaho) that cumulatively have 5M oz Au with potential to reach 7M oz Au. Click Here to Learn About TheDailyGold Premium

The gold stocks and larger juniors had a very strong week. It appears we are seeing the start of the next move in the sector and the miners are leading it. The metals are still consolidating but should soon follow the miners higher. Click Here to Learn About TheDailyGold Premium

The gold stocks are leading Gold and signaling the next leg higher. The GDX to Gold and GDXJ to Gold ratios are breaking out and approaching new 52-week highs. GDXJ to GDX ratio is in bull mode. The GDX Advance Decline line broke to a new 52 week high last week for the first time … Continue reading

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  

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