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Gold/Silver Ratio Climbs to Start 2024
It was a quiet week for Gold, Silver and the miners. Resistance remains at $2100 for Gold, while Silver remains well below $26. The miners lost 4%-5% on the week.
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It was a quiet week for Gold, Silver and the miners. Resistance remains at $2100 for Gold, while Silver remains well below $26. The miners lost 4%-5% on the week.
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We cover the yearly, quarterly, monthly and weekly candle charts for Gold. Gold closed the year and quarter in strong fashion, but it needs to break $2100 to generate further momentum to the upside. Click Here to Learn About TheDailyGold Premium
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The technical setup for gold and silver stocks is bullish as 2024 beckons. Putting macro aside, we focus on the price action for GDX and GDXJ as well as the breadth indicators for GDX and highlight a few comparisons. Click Here to Learn About TheDailyGold Premium
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Next week brings a number of key timeframes for Gold, which closed the week at $2069. We want to see it maintain these levels as it closes the quarter and year especially. The gold and silver stocks may correct a bit next week but the medium term outlook looks bullish.
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The signal is a steepening yield curve driven by a decline in the 2-year yield. This has preceded or coincided with nearly all recent market declines and recessions. There are a few examples of the 2-year yield declining but then making a lower high amid an over-bullish stock market. The market then declines considerably after … Continue reading
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Gary Tanashian discusses and analyzes the yield curve, potential recession signals, the outlook for the stock market in 2024 and Gold and gold stocks near and intermediate term trajectory.
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Vince Lanci discusses what happened when Gold was slammed after hitting $2100, the nuances around Fed Chair Powell’s Pivot and the impact on Gold. We close with a technical outlook on Gold.
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Gold against the stock market remains weak and has a concerning technical setup. Gold must outperform the stock market to be in a real bull market as it was in the 1970s, 2000s and briefly from 2018 to 2020. Gold can breakout amid rate cuts but if the economy is in a soft landing and … Continue reading
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We thought Gold was on its way after convincing weekly and monthly closes, but it put in a bearish reversal at $2100. Silver put in a nasty reversal at $26. We discuss the short-term outlook and note that $2100 and $26 are the gateways to new bull markets. Click Here to Learn About TheDailyGold Premium
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Rick Rule shares his wisdom on investing in and speculating in gold and silver stocks. He says Silver is hated while Gold is tolerated. He notes development companies are trading at 50-year valuation lows. Also, he says oil & gas stocks have to go higher. Finally, he believes your time frame should be two to … Continue reading