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The upside targets in GDX, GDXJ and SILJ if Gold goes to $3000 and Silver to $35. Also, new highs indicator can help identify sell signals.

The secular bull market in stocks is ongoing but in its 16th year. Gold & Silver have a lot more upside potential when it ends. It looks to continue into 2025 but could make a major peak if it melts up or if inflation returns forcing the 10-year yield to and above 5%.

The miners had a strong week as GDXJ and SILJ gained 2% on the week and Silver lost 2% and Gold gained only $8/oz.  

These are 5 important charts to keep an eye on. They include the Gold vs. 60/40 chart and inflation adjusted Gold price.

Vince Lanci details the current buyers and sellers in the Gold market, the shifts in demand, the election risk to Gold and when Gold buyers will become Silver buyers. Jordan analyzes the monthly and quarterly close in Silver.

David Morgan  @silverguru  answers a bunch of our questions about Silver. He thinks there could be weakness short-term but remains convinced Silver will blow through $50 and trade in triple digits. The Silver Movie

Gold traded up close to $2720, a technical target we mentioned a few weeks ago. Silver reached $32 but sold off to end the week. Nevertheless, it made its highest weekly close in 11 years.  

We analyze current sentiment in Gold by looking at the level of speculation in Gold, public opinion and assets in all Gold ETFs. Click Here to Learn About TheDailyGold Premium

We analyze some macro factors that determine gold stock performance and if and when they outperform Gold. Click Here to Learn About TheDailyGold Premium

Following the surge of the previous week, Gold, Silver and gold stocks gained 1% to 1.5% on the week. Precious Metals declined after the Fed rate cut on Wednesday but closed the week strong.

Silver is Bullish and the key resistance levels are $32 and $35. Don’t expect $50 to come into play until the second half of 2025.

Gold is in position to outperform everything. If it breaks out against stocks then its a signal that all macro outcomes are good for Gold. Click Here to Learn About TheDailyGold Premium