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Video: Gold & Silver Face Weekly Resistance at $1980 & $24.50

Gold and Silver closed last week a tiny bit below respective weekly resistance levels at $1980 and $24.50. The bearish take is miners badly underperformed Gold the last two days, which suggests Gold weakness is coming. However, on the contrary, Silver closed the week much stronger than Gold. That’s usually a good sign. Our short-term … Continue reading

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Video: Silver Price Levels For Next 12 Months

In this video we evaluate the key support and resistance levels for Silver and comment on its net speculative position and open interest. The key resistance levels are $26 and $27-$28 with $22 and $20.50 being the key support levels. In the bigger picture we can simplify with $27 as resistance and $20.50 as support. … Continue reading

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Video: Largest Gold Publisher Completely Ignores Gold for Crypto

Kitco News, the largest publisher of gold news and analysis, should change its name to Crypto News because crypto is its new focus and Gold has taken a major backseat. Gold is only 5.5% from an all-time high while Bitcoin is 65% from its all-time high. Click Here to Learn About TheDailyGold Premium

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Video: Strong Jobs Report & Stock Market Breakout Pressure Gold

The oversold bounce in precious metals reversed course quickly on Friday amid the strong jobs report. Gold was hit the hardest while Silver and the miners declined less than Gold. The question is if this news carries into next week and causes more of a decline in precious metals (which were short-term oversold three days … Continue reading

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Video: Best Historical Comparison for Gold

The best historical comparison for Gold and precious metals is not the 1970s or 2008. It is the mid 1960s, during which gold stocks (the proxy for gold) broke out from a long base. Had Gold been a free market, it likely would have broken out from a 1948 or 1951 peak in the mid … Continue reading

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Video: Gold Stocks Oversold & Approaching a Bounce

Gold stocks are very oversold on a short-term basis and are approaching technical support. The percentage of HUI stocks trading above the 20-day and 50-day moving averages is 0% and the percentage of GDXJ stocks trading above the 20-day moving average is 8% with only 15% trading above the 50-day moving average. Click Here to … Continue reading

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Video: Stock Market & Bond Yields to Pressure Gold, Silver

Last week the S&P 500 closed at a nine-month high. Bond yields rebounded from support. A stronger stock market and higher bond yields means Fed rate cuts are pushed out farther into the future. That puts pressure on Gold and Silver. Click Here to Learn About TheDailyGold Premium

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