Video Update

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

In terms of technical analysis, Gold Bears are throwing shit against the wall to see if it sticks. First, Gold made a triple top. Now it could be forming a head and shoulders reversal pattern. In this video I explain head and shoulder reversal patterns and why Gold has not formed one. I also opine … Continue reading

A week ago we thought the precious metals sector and miners in particular were setting up for a bounce. The sector traded lower to start last week but closed the week with a powerful reversal. Gold rebounded from $1900 support and its 150-day moving average while Silver held $22 and its 200-day moving average. In … Continue reading

Volume in junior Miners and junior exploration companies is now at a 20-year low. Share prices have plunged. Here are the causes. Click Here to Learn About TheDailyGold Premium

It does not feel like Gold has held up well due to the poor performance of Silver, miners and juniors. But after the second sharpest Fed tightening cycle of the last 45 years and sharp increase in real interest rates, Gold is only 7% from its all time high. In the video we discuss three … Continue reading

We show the charts and data of the stock market declines during each of the past 12 recessions. On average, the stock market makes a peak a few months before the recession and declines sharply until the recession is three to four months from its end. Thus, the length of the recession is an important … Continue reading

It was an ugly week in Gold and Silver as Gold lost $1950 support and Silver plunged from $24 down to its 200-day moving average at $22. There is technical damage in the daily and weekly charts. Gold has support at $1900 but stronger support at $1850-$1865. Nevertheless, the gold and silver stocks fared better … Continue reading

Historically, the 40-month moving average has been an excellent indicator of the secular trend in the stock market. Until the S&P 500 loses that support, it remains in a secular bull market, which means Gold and more so precious metals remain in a secular bear market. In recent months the S&P 500 held above the … Continue reading

Significant moves in Gold and outperformance for Gold against the stock market occur when the yield curve steepens. A steepening curve precedes Fed rate cuts and usually signals a recession. Click Here to Learn About TheDailyGold Premium