The Daily Gold, Released on 8/23/23 A study of history shows how all the asset classes can be related at secular turning points. In the mid 1960s, the secular bull in Bonds ended first and then followed by Stocks. Then Gold made its huge move. In 2000-2002, stocks peaked well before the dollar. The bull […]
The Daily Gold, Released on 8/15/23 Volatility in Gold is declining as Gold and precious metals bleed lower. In the past, declines in volatility preceded a bottom in the market and later, a big move. Gold volatility indicators should be near multi-year lows if Gold tests the lower to mid $1800s. We eagerly await sentiment […]
The Daily Gold, Released on 8/13/23 The hard selling to begin August has created some ugly technicals that give us concern for the medium term. In the very short-term Gold and Silver are getting oversold and approaching support levels at $1900 Gold and $22.00 Silver. Our hope is for a very strong rebound from that […]
The Daily Gold, Released on 8/7/23 (Recorded on 8/6/23) Gold and Silver are both trading between support and resistance. The weak price action since the tail end of July leads one to think there should be a downside bias. At the same time, there has been 10 consecutive weeks of outflows from Gold funds. Jordan […]
The Daily Gold, Released on 7/21/23 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. These types of […]
The Daily Gold, Released on 7/17/23 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. Silver should test $26 and if it can make a weekly close above $26 then it has a […]
The Daily Gold, Released on 7/12/23 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 […]
The Daily Gold, Released on 6/28/23 Volume in junior Miners and junior exploration companies is now at a 20-year low. Share prices have plunged. Here are the causes. First, metals prices across the board are down significantly. Silver is 25% off its high while industrial metals and energy commodities are 35% and 45% off their […]
