Video Update

Gold and Silver had rough weeks, losing 3.5% and 10% respectively while the stock market was down only some 1.5%. The CPI reading days ago reiterated that the Fed has more tightening to do and so recession concerns were mitigated, at least temporarily. In this video we discuss potential downside targets for Gold, Silver, GDX … Continue reading

Considering the surging US Dollar and the sharp rise in the real TIPS 10-year yield (which according to studies is the best correlation Gold performance) Gold has held up better than expected. Historical comparisons suggest Gold has held up better than during 2008 and much better than in 2013. Click Here to Learn About TheDailyGold … Continue reading

Precious Metals have enjoyed a very strong rally since early last week. Previously when Gold broke $1675, we noted the non-confirmations of the breakdown. These included Silver not breaking down and Gold not breaking down in real terms. There are quite a few positives for the stocks. The GDX advance decline line is showing its … Continue reading

Last week the S&P 500 broke what I consider the most critical moving average, which is often a signal for secular trends. Although the S&P broke that average and fell to a new low, Gold rebounded and GDX and GDXJ gained 7.5% and 9%. The question is if Gold and gold stocks can continue this … Continue reading

Gold’s cup and handle pattern is broken from the standpoint of a potential breakout in the next 6 to 9 months that could launch it to the initial target of $3000. However, the cup is 9 years long and the handle typically requires one third of the time or longer. That puts a breakout in … Continue reading

In this video we look at the history of the stock market losing and then failing at its 20-month moving average as well as the current downside potential and where the next bottom could be. Click Here to Learn About TheDailyGold Premium

It was an eventful week. Gold’s technical breakdown was confirmed on Friday and this could be the start of capitulation selling that could take Gold below $1600. Silver was unable to reach $21-$22 and so we cannot rule out a future test of $15. At the same time, the S&P 500 is threatening to break … Continue reading

The bear market in the S&P 500 may soon reach a critical inflection point as it tests its 40-month moving average and its first bear market low. Recall that losing the 40-month moving average is a signal of the end of the secular bull market and the start of a new secular bear market. It’s … Continue reading

In this video we preview the week ahead and the potential for a short-term rally. Click Here to Learn About TheDailyGold Premium

The stock market continues to follow the template of 6 cyclical bear markets within 3 secular bears. The market recently failed at the 200-day moving average. That was the second major sell signal for past bear markets. The bulls are hoping the market follows a similar pattern to 1962. Then the market rallied after a … Continue reading