Video Update

The purveyors of misinformation and conspiracy in the Gold market are at it again. This time they are predicting a new gold-backed currency from BRIC nations and others will be unveiled at the end of August and eventually dethrone the dollar as the global reserve currency. Click Here to Learn About TheDailyGold Premium

Silver’s technical setup is intriguing as it just rebounded off both the 200-day and 400-day moving averages. In the past, rebounds from the 400-day moving average have led to bullish moves. We discuss that and more. Click Here to Learn About TheDailyGold Premium

Dollar weakness is powering the precious metals sector higher as Silver and the miners lead. Last week, the GDX advance decline line cemented a positive divergence. There have been four other positive divergences in the last 7 years and all resulted in big rallies. Silver cleared $24.50 resistance and should test $26. Meanwhile, Gold will … Continue reading

Gold has successfully tested its 150-day moving average roughly three months before every major breakout. In recent weeks, Gold tested its 150-day moving average. We cover the history in this video. Click Here to Learn About TheDailyGold Premium

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