Gold, Silver & Other Precious Metals 17 (May 19 - Dec 24)

[behappyalways]

new all-time high for Gold
https://twitter.com/allstarcharts/statu ... 2461001118

[winston]

These Stocks Are Cheap

by Jeff Clark

Gold stocks have been lagging the broad stock market for most of the past 13 years. Last week, this ratio chart hit its lowest point in two decades. In other words, gold stocks are cheap.

So, as we head into March – which is a seasonally bullish time of the year for the gold sector – I like the setup for at least a short-term rally in gold stocks and perhaps something even more dramatic.

Source: Jeff Clark Trader

https://dailytradealert.com/2024/03/05/ ... e-cheap-3/

[behappyalways]

Gold Vs gold stocks
https://twitter.com/duediligenceguy/sta ... 6240432439

[behappyalways]

The price of gold hit a record high!
The Chinese people set off a "gold selling wave".
The Fed called for an interest rate cut in June + geopolitics pushed up the price of gold.
Gold has repeatedly soared to sky-high prices!
Chinese jewelry industry: Not seen in 20 years

黃金價格創下歷史新高! 中國民眾掀"拋金潮" Fed 6月降息呼聲高+地緣政治 推升金價 黃金屢飆天價! 中國珠寶業者:20年沒見過｜記者 姚懷真｜【國際大現場】20240306｜三立新聞台

https://m.youtube.com/watch?v=HSLZqZsfdKw

[behappyalways]

The gold market is "tremendous!
Bank of China starts selling gold jewelry to grab customers.
It's cheap, but don't expect too much.
It has many limitations. It doesn't provide "repurchase agency service. Risk management responsibility"

黃金市場"夯翻天! 中國銀行開賣金飾搶客 便宜但期望別太高 侷限多‧不提供"回購代銷服務.風險管理責任"│主播 鄧崴│【國際大現場】20240314│三立新聞台

https://m.youtube.com/watch?v=eQG-kBkttxc

[winston]

Consider Owning This Metal Today (it has much higher to go)

by Brett Eversole

Gold is on an incredible run higher. But the metal’s COT shows most investors are indifferent. Sentiment is in “no man’s land” despite the new highs.

That won’t last forever. Gold prices will likely keep rallying, which will eventually attract new money. That should lead to even more gains before sentiment becomes too bullish and prices reverse.

Put simply, gold still has much higher to go before we get to that point. That’s why you should consider owning the metal today.

Source: DailyWealth.com

https://dailytradealert.com/2024/03/22/ ... her-to-go/

[winston]

Is the “Granddaddy of Portfolio Hedges” Offering an Opportunity Right Now?

by Eric Fry

Other than low valuations, four additional factors are tipping the scales in favor of speculating on the gold. In no particular order, the gold price could benefit from…

Falling interest rates – The gold price almost always rises when interest rates trend lower. Chairman Powell reiterated on Wednesday that his team intends to initiate a new rate-cut cycle by lowering interest rates three times this year.

Weakening dollar – Because interest rates are falling, the dollar exchange rate might also drift lower. A weak dollar usually manifests itself as a strong gold price.

Rising geopolitical tensions – Almost nothing benefits from geopolitical tension or wars, other than weapons manufacturers… and gold.

Central Bank Buying – On a net basis, the world’s central banks have become large, consistent gold buyers. In 2022, they bought more than 1,000 metric tonnes – equal to more than one-quarter of the world’s annual gold production.

Given the bullish factors that are aligning behind the gold price, the yellow metal seems likely to deliver some upside surprises over the coming months.

Source: Smart Money

https://investorplace.com/smartmoney/20 ... 03-24-2024

[behappyalways]

The price of gold in China continues to rise!

The product claims to be "999 pure gold" but is it fake? The element "rhenium" can also be used to fake gold.

The density is very similar to real gold. Counterfeiting methods are emerging in an endless stream.

China's gold market may be affected.

中金價不斷上漲! 產品號稱"999足金"卻是假? 元素"錸"也能造假黃金 密度與真金超像 造假手段層出不窮 中國黃金市場恐受影響 │記者 林芷綺 │【國際大現場】20240320│三立新聞

https://m.youtube.com/watch?v=LwEctUlaZl4

[behappyalways]

With two days left in March, this will likely be one of the most significant monthly bars in the history of the Gold chart
https://twitter.com/PeterLBrandt/status ... 6942115062

[behappyalways]

Central banks have been enormous buyers of gold, even as retail has pulled back over the last two years
https://twitter.com/Mayhem4Markets/stat ... 3187742063