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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

Darcy Marud, CEO of Western Exploration provides a background on the company’s Aura project in Nevada and its multiple deposits. He discusses the Gravel Creek deposit and the plan in 2024 to grow a current discovery there. Click Here to Learn About TheDailyGold Premium  

The technical setup of Gold & Silver is similar to the one that preceded the huge gains in the 1970s. Secondly, the 1970s bull was fueled by twin secular bear markets: in both stocks and bonds. In the 2000s, only stocks were in a secular bear. Today, bonds are in a secular bear and stocks … Continue reading

Latest whipsaws in Gold cloud prognosis into next week and the end of month and end of the quarter. Gold, for now, has support at $2300 and Silver has initial support around $29. The miners are providing some encouragement. Click Here to Learn About TheDailyGold Premium

Rick Rule provides some history lessons on juniors in the 1960s and 1970s and shares his current thoughts on developers, producers and explorers. He mentions several stocks in passing and informs us on his most recent buys. Click Here to Learn About TheDailyGold Premium

The Gold price against the US Monetary Base and the percentage backing of our current Gold reserves (at the current market price) shows how far cheap Gold is compared to levels of the last bull market. Relative to the 1980 and Great Depression era peaks, Gold is going for pennies today. Click Here to Learn … Continue reading

The steepening in the yield curve from inversion to above 0 is the best indicator of an imminent recession. The decline in the 2-year yield relative to the Fed Funds rate usually precedes the start of rate cuts, which is bearish for the stock market and economy in the context of the recession signal. Click … Continue reading

Gold closed up 1% this week while Silver gained slightly and miners were down. Gold & Silver remain in correction mode. Gold is outperforming Silver. The key question next week and beyond is if Gold will continue to hold $2300 or not. We discuss support levels should Gold lose $2300. Click Here to Learn About … Continue reading