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Precious Metals remain in correction mode. We should be on the lookout for a low and potentially a significant low in January.

Some gold stock indices are showing some very bullish bases that could lead to huge breakouts in 2025. The ETF data reveals gold stocks to be extremely under-owned.

The yield curve is quietly steepening again. If it continues and accelerates that would be very good for Gold as it likely indicates more rate cuts ahead and a recession. On the other hand, if the Fed is able to pause for most of 2025 as the economy avoids recession, that would be bad for … Continue reading

The correction in Gold & Silver intensified this week and especially in miners and juniors. However, the stocks are now very oversold on short-term metrics.

Gold, Silver & miners started the week strong but reversed course hard. Gold reversed lower after briefly exceeding $2700 and the same for Silver at $32.50.

In real terms Silver is where it was in 1971. A secular bull market in precious metals will take Silver at least 10 times higher and potentially 20x higher.

Vince Lanci discusses how Gold’s drivers will change in 2025. The drivers from 2024 will provide support to the market but US and Western investors need to take the lead to push Gold to higher levels.

Precious Metals are setup to move higher and diverge from the stock market when it endures its next bear market. History shows how this transpires at or near the beginning of secular bull markets.

The trends in Debt to GDP, Net Interest on the Debt and the budget deficit necessitate yield curve control and debt monetization in the next few years. This is the major game changing catalyst for Gold.

History shows Gold is the most uncorrelated asset, even more so than Bonds. Meanwhile, Bitcoin is the most correlated asset of all time, despite proclamations to the contrary.  

Jared Dillian, author of multiple books and publisher of The Daily Dirtnap, remains long-term bullish on Gold and believes we will have to monetize the debt during the Trump administration, which won’t be bullish for the stock market.