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Silver Fails at $26 Again & Gold Resistance at $2200
The Fed giveth and the market taketh away. After a Fed induced rally, Gold reversed around $2200 but now has immediate at $2150. A retest of the break above $2100 is definitely possible. Meanwhile, Silver could test its 200-day moving average at $23.51. Silver clearing $26 remains an important threshold for the entire sector. Click … Continue reading
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Here’s When Silver Outperforms Gold
First Gold breaks out and then after a period of months Silver breaks out. Historically, Silver begins to strongly outperform Gold around the time it breaks out. The major resistance for Silver is at $26 and $28. A break above $26 or $28 should lead to Silver outperforming Gold. Click Here to Learn About TheDailyGold … Continue reading
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Gold Miners & Juniors to Dramatically Outperform Gold
The inflation-adjusted Gold price is a much better indicator for miners than the Gold price. Think of miners and juniors as an option on the price of Gold. They are not long-term holds but they can outperform Gold over specific 12 to 24 month periods. The gold stocks and juniors outperform Gold after crash type … Continue reading
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How History Informs us About Gold’s Breakout Potential
Gold has broken out from a 13-year cup & handle pattern. In this video we highlight past historical breakouts and the performance that followed. These breakouts include the stock market in 1982, Hong Kong in 1986, Gold Stocks in late 1964, Oil in 2004 and Copper in 2004. Click Here to Learn About TheDailyGold Premium
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Gold Breaks Out from 13-Year Cup & Handle Pattern
Gold cleared $2100 on Monday and closed the week up 4% to $2185. The initial measured upside targets are $2350 and $2500. The cup and handle pattern breakout is quite visible on the weekly and monthly line charts. The breakout is a significant one not only in Gold’s history but in the history of capital … Continue reading
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Gold Breakout Analog
In this video we analyze Gold’s performance after the six major breakouts of the past 45 years. Click Here to Learn About TheDailyGold Premium
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Is Gold in New Secular Bull?
Gold’s breakout from a 13-year cup & handle pattern and clearing $2100 renders it extremely difficult to argue it is not in a new secular bull market. However, confirmation will require some time and a strong move higher against conventional asset classes and the 60/40 portfolio. Click Here to Learn About TheDailyGold Premium
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Gold is Inches from Huge Breakout
Precious Metals surged today led by Gold’s 2% gain to $2096. It needs to clear $2100 convincingly to confirm an epic breakout. Gold’s 4-year handle has two cup and handles within it, that project to $2350 and $2500. Silver should outperform Gold in this macro environment but Gold has the advantage in the near-term due … Continue reading
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Status of Commodity Supercycle
If inflation turns higher this year commodities should rally. While there can be some overlap between the secular trends in commodities and stocks, as we saw in the 1940s and 1960s, the supercycle in commodities will not begin in earnest until the stock market falls into a secular bear. Click Here to Learn About TheDailyGold … Continue reading