Video Update

From a contrary perspective, the lack of bullish sentiment and interest in the precious metals sector is bullish. However, for Gold to begin a real bull market and bust through $2100, there will need to be a big increase in bullish sentiment, which is indicative of new buyers and a new bull market. Click Here … Continue reading

Gold and Silver are both trading between support and resistance. The weak price action since the tail end of July leads one to think there should be a downside bias. At the same time, there has been 10 consecutive weeks of outflows from Gold funds. Click Here to Learn About TheDailyGold Premium

In this video we discuss the monthly technicals for Gold & Silver. We note key support & resistance levels and opine on which way the technicals are leaning. Click Here to Learn About TheDailyGold Premium

In this video we discuss the interplay between rising bond yields, inflation and stock market peaks around the late 1960s. Ultimately, rising bond yields can lead to a market peak. Secondly, in the 1964-1982 inflationary period, the stock market peaked at the end of the first wave of inflation while the second wave caused a … Continue reading

The purveyors of misinformation and conspiracy in the Gold market are at it again. This time they are predicting a new gold-backed currency from BRIC nations and others will be unveiled at the end of August and eventually dethrone the dollar as the global reserve currency. Click Here to Learn About TheDailyGold Premium

Silver’s technical setup is intriguing as it just rebounded off both the 200-day and 400-day moving averages. In the past, rebounds from the 400-day moving average have led to bullish moves. We discuss that and more. Click Here to Learn About TheDailyGold Premium

Dollar weakness is powering the precious metals sector higher as Silver and the miners lead. Last week, the GDX advance decline line cemented a positive divergence. There have been four other positive divergences in the last 7 years and all resulted in big rallies. Silver cleared $24.50 resistance and should test $26. Meanwhile, Gold will … Continue reading

Gold has successfully tested its 150-day moving average roughly three months before every major breakout. In recent weeks, Gold tested its 150-day moving average. We cover the history in this video. Click Here to Learn About TheDailyGold Premium

The advance decline line as of the start of the week was showing a positive divergence. There was a similar positive divergence in the advance decline line at the October 2022 and March 2023 lows in gold stocks. The Gold/Silver ratio has had a little breakdown below a rising trendline. Silver could test $26 if … Continue reading

I have written and spoken about the importance of a yield curve steepening for Gold, which would be triggered by a recession and bear market that leads to a plunge in short-term yields. However, I neglected to mention the curve can also steepen because long-term yields rise faster than short-term yields. Inflation indicators, including long-term … Continue reading