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Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review the potential for a short-term corrective pullback in the precious metals, within a much larger very bullish pattern that is underway. We start of by getting some support and resistance levels to note in gold, but then Jordan outlines that within the … Continue reading
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In this video, we follow up from our last video in which we called for Gold to hit $4000 in 2024. Can Silver hit $100 in that scenario? It depends on the economic scenario. If it is like the current one and stagflationary, the gold to silver ratio will not decline enough for Silver to … Continue reading
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The macro landscape has shifted tremendously in Gold’s favor over the past few months. The yield curve will invert soon, signaling a recession in the next 6 to 18 months (average of 12). Meanwhile, the Russian invasion into Ukraine is going to disrupt global energy and food markets, leading to persistent and likely higher inflation … Continue reading
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Gold, Silver, and gold stocks formed breakaway gaps on Tuesday. With the strong close today, it is highly likely breakaway gaps have been confirmed. In this video I educate a bit on breakaway gaps and then discus the short-term outlook for Gold, Silver, and gold stocks. Click Here to Learn About TheDailyGold Premium
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The stock market has had three major breakouts in the past century, which all gave way to massive bull markets. These breakouts coincided with major peaks in Gold and commodities. The huge moves in Gold typically began after major peaks in the stock market, although the relationship is not perfect. The major breakouts in Gold … Continue reading
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Gold’s attempt to breakout above $1900 failed the day Russia invaded Ukraine. Gold traded up to $1975 but ended up closing below $1920. It then closed the week below $1900. Gold needs a weekly and monthly close above $1900 to break to the upside. Ultimately, developments with the economy and stock market will drive Gold … Continue reading
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Contrary to popular opinion, the gold stocks are not priced for $1600 Gold. They are priced for the same margins they had at $1600 Gold. Gold stocks performance against Gold reflects their margins and profitability, which has declined materially over the last 18 months. The gold stocks relative to Gold declined massively over the last … Continue reading
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Gold needs a weekly and monthly close above $1900 for a breakout. A breakout is when a market clears a critical resistance level and proceeds to launch higher. The breakout is the start of the move. We highlight 3 indicators that will confirm a breakout in Gold and a new bull run in Gold and … Continue reading
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Gold has broken out from trendline resistance but has more significant resistance levels to overcome for a sustained advance. Most notably, breaking above $1900 on a weekly and monthly basis is the key to a real breakout. Until then, $1900 is major resistance. Part of this move is driven by war worries. That is unsustainable … Continue reading
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Gold & Silver remain in a correction. Recent price action and the history of selloffs before the first rate hike suggest more downside. However, history suggests a major bottom is quite possible this spring as well as a rebound in the metals for the bulk of 2022. Gold has not been in a real bull … Continue reading
