Video Update

Gold has not been in a secular bull market for a while but now it is starting one. When Gold is in a secular bull, gold stocks can outperform Gold as the Gold price trends higher and outperforms cost increases. If you think Gold is going into a secular bull as I do, then you … Continue reading

While there is growing concern for a correction in Gold and gold stocks, the evidence is lacking. The GDX advance decline line signaled a breadth thrust for only the third time in the last 11 years. After the other two thrusts, GDX gained another 20% and 60%. A breadth thrust is a burst of extremely … Continue reading

If Gold can make a daily close above $2050 then look for another small leg higher. Gold made its second highest weekly close ever and has solidified $1950-$1980 as short-term support. Silver meanwhile surpassed resistance at $24.50 and has a chance to test $28 if it can make a weekly close above $26.50. Click Here … Continue reading

We look at Gold’s historical performance in the first year or two of a new bull market and evaluate the corrections and downside support. We look at the early 1970s, mid 1970s, mid 2000s, 2009-2010 and 2018-2020. The corrections can be defined by the 50-day moving average, 100-day moving average and 150-day moving average. Click … Continue reading

Gold managed to close the week and month at $1986. This marks the highest monthly close ever and second highest weekly close ever. But both were done by a hair. The quarterly close easily eclipsed the previous all-time high of $1953. Click Here to Learn About TheDailyGold Premium

A breadth thrust is a sudden burst of strong participation that follows a downtrend or bear market. For GDX we measure the breadth thrusts on a 15 and 25 day basis. Two breadth thrusts have been triggered in the last 11 years. It appears the 15-day thrust could trigger in a few days and the … Continue reading

In this video we note the time it takes Gold to breakout after a Fed rate hike cycle. We look at the past 5 rate hike cycles. We mark the peak in Gold around the start of the rate hike cycle and then the time it takes Gold to surpass that high. If Gold were … Continue reading

Gold closed the week just below weekly resistance at $1985. Silver closed the week up 4% to $23.34. Silver faces resistance at $24.50 and $26.00. Should Gold close above $2000 then it would have upside to $2070-$2090 and that should pull Silver close to $26. Next Friday marks the end of the month and the … Continue reading

Gold closed last week at $1974. The key resistance level for Gold on a daily and weekly basis is $1950 to $1985. There is also monthly and quarterly resistance at $1953. A weekly close above $1985 would mark the second highest weekly close ever. Click Here to Learn About TheDailyGold Premium    

There is a commodity performance cycle. As a downturn begins, commodities weaken and Gold begins to perform well in real terms. When central banks are forced to print and the government is forced to spend, Gold and Silver perform best. As the economy recovers and inflation expectations rise, commodities as a group begin to outperform … Continue reading