Video Update

Two new charts showing Gold & Silver’s performance after Gold breaks to a new all-time high.  

Secular inflationary bear markets are the worst ones due to the extended periods of poor performance in real terms. The 60/40 portfolio performed worse in 1965-1982 than during 1929-1942 and 2000-2011 due to inflation and the secular bond bear market.    

Gold and Silver closed the week higher by 1% and 1.6% but the mining stocks declined, led by Newmont. GDX lost 3.7% on the week while GDXJ lost 2% and SILJ 1%. Silver was sold hard after it reached resistance at $35.

Crash calls are a permanent fixture on social media which attract quite a bit of attention. None of them are even close to viable today. Crashes are rare and we just had one 4 years ago. Furthermore, secular bear markets do not end with crashes when bonds are in a secular bear as they are … Continue reading

Gold cleared $2700 on Thursday to a new all-time high and Silver and the gold stocks exploded higher to close the week. Gold is on track for $3000 and Silver now has a potential target of $38.

The upside targets in GDX, GDXJ and SILJ if Gold goes to $3000 and Silver to $35. Also, new highs indicator can help identify sell signals.

The secular bull market in stocks is ongoing but in its 16th year. Gold & Silver have a lot more upside potential when it ends. It looks to continue into 2025 but could make a major peak if it melts up or if inflation returns forcing the 10-year yield to and above 5%.

The miners had a strong week as GDXJ and SILJ gained 2% on the week and Silver lost 2% and Gold gained only $8/oz.  

These are 5 important charts to keep an eye on. They include the Gold vs. 60/40 chart and inflation adjusted Gold price.

Gold traded up close to $2720, a technical target we mentioned a few weeks ago. Silver reached $32 but sold off to end the week. Nevertheless, it made its highest weekly close in 11 years.