Video Update

Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review his technical outlook on the precious metals sector, and some investing considerations for switching from a bear market to bull market playbook. Click Here to Learn About TheDailyGold Premium

Gold and Silver remain in a correction but thus far the damage has been thin. Gold has initial support at $1980 followed by $1950 and $1900. Silver continues to hold above $24.50. The action over the next week or two can inform us if a bull flag is developing or if there is more downside … Continue reading

Biased Gold bears are grasping at straws. They see three tops in Gold and immediate conflate the price action with a bearish topping pattern when there is nothing of the sort. Click Here to Learn About TheDailyGold Premium

We focus on the key support levels in Gold, GDX and GDXJ that could come into play this week. Gold closed last week at $1990. It has support at $1950 and $1900. Also, watch the 50-day, 100-day and 150-day moving averages as they could help mark a secondary low over the next few weeks. GDX … Continue reading

Gold has not been in a secular bull market for a while but now it is starting one. When Gold is in a secular bull, gold stocks can outperform Gold as the Gold price trends higher and outperforms cost increases. If you think Gold is going into a secular bull as I do, then you … Continue reading

While there is growing concern for a correction in Gold and gold stocks, the evidence is lacking. The GDX advance decline line signaled a breadth thrust for only the third time in the last 11 years. After the other two thrusts, GDX gained another 20% and 60%. A breadth thrust is a burst of extremely … Continue reading

If Gold can make a daily close above $2050 then look for another small leg higher. Gold made its second highest weekly close ever and has solidified $1950-$1980 as short-term support. Silver meanwhile surpassed resistance at $24.50 and has a chance to test $28 if it can make a weekly close above $26.50. Click Here … Continue reading

We look at Gold’s historical performance in the first year or two of a new bull market and evaluate the corrections and downside support. We look at the early 1970s, mid 1970s, mid 2000s, 2009-2010 and 2018-2020. The corrections can be defined by the 50-day moving average, 100-day moving average and 150-day moving average. Click … Continue reading

Gold managed to close the week and month at $1986. This marks the highest monthly close ever and second highest weekly close ever. But both were done by a hair. The quarterly close easily eclipsed the previous all-time high of $1953. Click Here to Learn About TheDailyGold Premium

A breadth thrust is a sudden burst of strong participation that follows a downtrend or bear market. For GDX we measure the breadth thrusts on a 15 and 25 day basis. Two breadth thrusts have been triggered in the last 11 years. It appears the 15-day thrust could trigger in a few days and the … Continue reading