The Daily Gold, Released on 12/3/23
Gold finally made its historic breakout last week and the price is hovering around $2100 as the week begins. Gold has measured upside targets of $2300 and $2500. Silver has measured upside targets of $31. Silver is wrestling with resistance at $26 but could reach $29-$30 if Gold moves to $2300. The gold stocks broke out from inverse head and shoulders patterns and have more short-term upside.
Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.
Jordan Roy-Byrne: Gold Breakout & Road to $2300 & $2500 added by Herman James on
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Dec 4, 0930 CST: Sliver down $1.20 from its highs yesterday evening, now $24.52 per oz on COMEX, gold down $106 from its high yesterday evening, now $2023 per oz.
Charts don’t mean anything in a rigged market, deja vu all over again.
When enough holders of the ETF papers come and seek their silver, and when it cannot be provided, the game is over. What does a chart have to do with any of this?
Read the text posted above the video link, it says:
Sorry, this is all about charts and technical analysis, is it not?