Video Update

Gold & Silver have bounced from support at $2000 and $22.00 and the gold stocks have rebounded from a very oversold condition on Wednesday. But what if $2000 and $22.00 are broken to the downside? We evaluate the strong support levels in Gold, Silver, GDX, GDXJ. Click Here to Learn About TheDailyGold Premium

Gold stocks are approaching extremely oversold levels and their valuations are near all-time lows. Sentiment is in the toilet. The common denominator behind the biggest rebounds in the gold stocks (as seen in 2008, 2016 and 2020) was the big move in Gold each time. If Gold makes a quick move from $1870-$1900 to $2400-$2500, … Continue reading

Gold is consolidating bullishly but sector weakness casts doubt it can break $2100. The key support levels remain $2000 in Gold and $22 in Silver. Click Here to Learn About TheDailyGold Premium

We detail the current breakdown of precious metals against the stock market. Gold, Silver and gold stocks are breaking down to multi-year and in some cases multi-decade lows relative to the stock market. This also occurred in the late 1990s and 1960s before the start of those secular bull markets in precious metals. Click Here … Continue reading

Huge breakouts in markets are accompanied by long bases and very low volatility. Gold is in a long base and its volatility indicators remain in position for Gold to move explosively if it breaks $2100. Click Here to Learn About TheDailyGold Premium

Gold has important short-term support at $2000 and Silver does at $22. If the metals lose those levels then there could be more selling. However, it could setup a significant low before the spring.

For the fourth time in the last 10 years, the stock market broke to a new all-time high after consolidating for a few years or crashing as it did during Covid. Two of the previous three instances marked significant peaks for precious metals. The other in 2019, came after precious metals corrected for three years … Continue reading

Interest Payments on the Debt Hit $1 Trillion. As a percentage of federal income and federal spending, it is closing in on all-time highs. This could matter for Gold and markets when it exceeds the 1940s and 1990s peaks or when the bond market takes another leg lower and the 10-year yield hits or surpasses … Continue reading

Gold Miners are definitely cheap as multiple valuation metrics are at historically low levels. When viewing a history of valuations going back as far as the 1980s we find current valuations indicating a secular bear market. Valuation indicators last peaked around 2003-2006. There is a difference between price and value. Cheap refers to price and … Continue reading

It was another bad week for precious metals as Gold declined 1%, Silver over 2% and the miners lost over 6%. The S&P 500 closed the week at a new record high. The Gold to S&P 500 ratio closed the week at a new 17-month low. Click Here to Learn About TheDailyGold Premium