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Gold closed last week at $1922, eclipsing weekly resistance at $1900 and putting itself in position to test major resistance at $1950, if there is any follow through. Meanwhile, Silver, which closed Friday strong, has not moved in a month. The price action looks like a bullish consolidation but how bullish is that if it … Continue reading
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Gold and the 2-year yield are not perfectly correlated but a falling two year yield (after a rate hike cycle) usually leads to rate cuts, which are bullish for Gold. If the 2-year yield falls to 3.50% and below, it would also be a negative for the stock market. Gold and the stock market may … Continue reading
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In this video we compare the current rebound in GDXJ to the past rebounds from lows in 2005, 2008, 2016, 2018, and 2020. The current rebound fits in between the three sharp rebounds and 2018 and 2005. If Gold breaks out this year past $2100/oz then this rebound could follow 2005 over the next 9 … Continue reading
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If you follow my work, you will know one of the leading indicators. The other is Platinum. I rarely cover Platinum but noticed it has been leading Gold. Years ago someone told me Platinum was a leading indicator for Gold.
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Technicals and the macro cycle explain why you should avoid these two commodity groups in 2023. Click Here to Learn About TheDailyGold Premium
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Gold, Silver and the gold stocks continue to trade around resistance levels. They have consolidated around resistance for more than a few weeks. Click Here to Learn About TheDailyGold Premium
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Gold and Silver are outperforming the stock market as it remains in a bear market. Gold against the S&P 500 closed at a 5.5-month high while Silver against the S&P 500 closed at a 9-month high. Click Here to Learn About TheDailyGold Premium
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Is there a 30-year cycle for Gold? Click Here to Learn About TheDailyGold Premium
