Gold, Silver & Other Precious Metals 18 (Jan 23 - Dec 25)

[winston]

Gold is Facing an Explosive Setup

by Jeff Clark

The shorter-term moving averages have crossed the 50-day MA (blue line). This is a bullish formation.

Similar action this time would have gold trading near $2,100 per ounce well before Christmas.

And, if gold is headed to $2,100, then the gold stocks are set up for a huge rally.

The gold stocks are trading roughly 10% to 20% below where they were trading the previous times gold challenged the $2,000 level.

Either gold needs to decline to match the price of the gold stocks, or the gold stocks need to rally and catch up to the price of gold.

My bet is the gold stocks are set to play catch-up.

Source: Jeff Clark Trader

https://tradesoftheday.com/2023/10/30/g ... ive-setup/

[behappyalways]

Safe-haven fever! Japanese people rush to buy gold.
Tokyo Olympic commemorative gold coins have increased by 80,000 yen in 3 years.
Experts estimate that gold prices may hit US$2,100 in the near future.
避險熱!日人搶買黃金 東奧紀念金幣3年翻高8萬日圓 專家估金價近期有望觸2100美元｜非凡財經新聞｜20231031
https://m.youtube.com/watch?v=1mM52UqrTJk


China’s latest ‘gold rush’ is recycled gold
https://m.youtube.com/watch?v=JbX9iRlLvuM

[behappyalways]

Singapore’s central bank the world’s third-largest gold buyer from Jan to Sept 2023
https://www.straitstimes.com/business/s ... -sept-2023

[winston]

All Signs Point to a Rally in These Stocks

by Jeff Clark

We’re entering a seasonally bullish time of the year for gold stocks.

That breakout would be a 20% rally from Wednesday’s closing price. And it could happen before the next FOMC meeting on December 13.

The bullish conditions for gold we looked at earlier this week are still in place. And now, with the FOMC meeting out of the way, gold stocks can resume their rally. The sector could be sharply higher just one month from now.

Source: Jeff Clark Trader

https://dailytradealert.com/2023/11/05/ ... se-stocks/

[behappyalways]

Central Banks On Course For "Colossal" Year Of Gold Buying
https://www.zerohedge.com/commodities/c ... old-buying

[winston]

by behappyalways:-

AI Boom Could Boost Demand For Precious Metals

Source: Zero Hedge

https://www.zerohedge.com/technology/ai ... ous-metals

[behappyalways]

PBoC In A Hurry To Buy Gold: Covertly Bought 593 Tonnes Of Gold YTD
https://www.zerohedge.com/markets/pboc- ... s-gold-ytd

[behappyalways]

Don't Miss Out! Profit from the Next Big Moves in Silver, Gold, and Copper
https://m.youtube.com/watch?v=Nu5AkgkfWZU

[behappyalways]

Dutch Central Bank Admits It Has Prepared For A New Gold Standard
https://www.zerohedge.com/markets/dutch ... d-standard

[winston]

vested GDX

Gold Stocks Are About to Explode Higher

by Imre Gams

Now that the market has hope that interest rates won’t go higher, the dollar is beginning to be repriced lower. And fundamentally, that should be great for gold.

Inverse H&S; Target around $34.58.

If GDX drops below the right shoulder, then the bigger picture would have to be reassessed. The price level for the right shoulder comes in at $27.

Source: Jeff Clark Trader

https://tradesoftheday.com/2023/11/21/g ... de-higher/