Video Update

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

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.

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

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

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

An update on Gold vs. the conventional 60/40 portfolio. Gold needs to outperform and trend higher against this portfolio to be in a secular bull market. It is very close to doing so. Click Here to Learn About TheDailyGold Premium

Gold finally made its historic breakout last week and the price is hovering around $2100 as the week begins. Gold has measured upside targets of $2300 and $2500. Silver has measured upside targets of $31. Silver is wrestling with resistance at $26 but could reach $29-$30 if Gold moves to $2300. Click Here to Learn … Continue reading

Gold is breaking out and at the start of a new secular move. This implies the stock market and the Nasdaq, which Bitcoin follows, will be in a secular bear market soon. Click Here to Learn About TheDailyGold Premium

Gold is on the cusp of making a new all-time high while Silver challenges resistance at $25-$26. We discuss the key weekly resistance levels as well as the monthly resistance levels. Click Here to Learn About TheDailyGold Premium

The consumer sentiment survey for long-term inflation expectations hit a 15-year high today. This comes at the end of the second greatest Fed tightening cycle in history. Moreover, the 1-year inflation expectation rebounded significantly. Click Here to Learn About TheDailyGold Premium