Video Update

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

The 3 things to watch this week are Gold’s weekly/monthly resistance at $1950 and Gold’s potential breakouts against the stock market and foreign currencies. Gold against the stock market and Gold against foreign currencies typically lead the Gold price. Breakouts in those two ratios would imply Gold can break above $1950 in the short-term and … Continue reading

The stock market is threatening to roll over again and break its critical 40-month moving average. Cracks in the banking stocks are starting to appear and could spread to other sectors of the economy. Tight Fed policy has not yet to begun the damage economy as it could over the coming months. Click Here to … Continue reading

Precious Metals are moving lower under the weight of the prospect of more Fed tightening as the end of the rate hike cycle approaches. However, if the cycle is ending this summer, then there is the setup for a potential double bottom in these markets. Click Here to Learn About TheDailyGold Premium

Higher for longer hurts precious metals in the near term as the market discounts tighter policy and higher real rates. However, higher for longer could bring rate cuts and policy easing much sooner than if the Fed stopped at 5%. If the Fed follows through on higher for longer, it could end up being a … Continue reading

Precious Metals remain very oversold on a short-term basis. Gold could drop a bit more and test strong support at $1780-$1800. From there, an oversold bounce across the sector could begin. Click Here to Learn About TheDailyGold Premium

Classic economic indicators such as the Leading Economic Indicators (LEIs) and Yield Curves are making a bulletproof case of a recession. Odds favor a recession hitting in the third quarter or later. The average of Gold’s performance around recessions shows an average move of about 20%. This starts from a low one to two months … Continue reading

Precious Metals have experienced a rough decline in recent weeks, but it could reverse this week. In recent days Gold, Silver and the mining indices have formed bullish hammers. Silver, GDX and GDXJ bounced from their 200-day moving averages. Gold bounced from key support at $1835. In this video we also cover potential short-term upside … Continue reading

In this video we discuss why Gold’s cup and handle pattern remains intact and is super bullish. Gold fits the parameters of a very strong cup and handle pattern. The right side of the cup is higher than the left and the handle consolidation has retraced only 38% of the preceding advance (ex 2% of … Continue reading