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The market is currently discounting a soft landing for the economy and this should continue into 2024. However, there is rising risk that turns to recession or stagflation in 2024. Click Here to Learn About TheDailyGold Premium
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Gold closed at $1985 and faces important daily and weekly resistance at $2000. Silver traded up to $24.00 and faces resistance at $24.50 and $25.00. The miners (GDX & GDXJ) have a bit of upside before testing resistance at the 200-day moving average. Click Here to Learn About TheDailyGold Premium
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We update the secular trends and show with history how the new secular bear market in bonds likely leads to a secular bear market in stocks and then last, the US Dollar. Click Here to Learn About TheDailyGold Premium
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It was a rough week for precious metals as Gold lost 3%, Silver 4% and the miners shed over 7%. The bullish inverse head and shoulders patterns in the mining indices failed as Gold & Silver were sold throughout the week. In this video we analyze the recent price action and note support levels. Click … Continue reading
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Click Here to Learn About TheDailyGold Premium
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Click Here to Learn About TheDailyGold Premium
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Gold against the stock market and Gold against foreign currencies recently did not make a lower low while Gold did. That positive divergence preceded the recent rebound in Gold. In addition, Gold against foreign currencies has broken out to a new all-time high. Click Here to Learn About TheDailyGold Premium
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As the 10-year yield pushes to higher highs the yield curve is fast approaching 0 and positive territory, which is a strong recession signal. That is pressuring the stock market and boosting Gold, which is also showing strength in real terms. Gold is knocking on the door of major resistance once again. The recent break … Continue reading
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Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us to share his insights on the charts for gold, silver and GDX. After the breakdown at the end of September the precious metals have rebounded strongly to start this month. Jordan also points out that it’s not just geopolitics that are driving this move. … Continue reading
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Gold put in a low less than two weeks ago, which was followed by a gap up and a stealth rally. Then it exploded last Friday past $1940/oz. When considering technicals and the Gold CoT, a sentiment indicator, there is some reason to believe in an important bottom. The gold stocks were nearly extremely oversold … Continue reading
