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by winston » Tue Nov 21, 2023 11:40 pm
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.
by behappyalways » Sat Nov 25, 2023 4:22 pm
by winston » Tue Nov 28, 2023 9:27 pm
Gold mining stocks always should be viewed as either short-term or intermediate-term trades/speculations.
During gold bull markets, you scale into them when they are oversold or consolidating and you scale out of them when they are overbought.
Gold mining stocks have been trending downward relative to gold bullion since 1968, that is, for 55 years and counting.
by winston » Thu Nov 30, 2023 11:17 am
Silver is tracing out a very bullish chart pattern.
Prices have recently broken above a cluster of key moving averages.
My target for this pattern is around $35. That would bring silver back to where it was trading in October 2012.
Now seems like a good time to load up on silver.
by behappyalways » Fri Dec 01, 2023 9:30 am
by behappyalways » Sat Dec 02, 2023 4:15 pm
by behappyalways » Tue Dec 05, 2023 9:45 pm
by winston » Thu Dec 07, 2023 8:22 am
Gold and silver jewellery have been among the best-performing consumer goods in China this year, with a 12% rise in value year-on-year from January to October, outpaced only by garments.
The one-year deposit rate at major Chinese banks ranges from about 1.5% to 1.8% and has declined in recent months.
China and India, the world’s two biggest gold buyers, together account for more than half of total global demand.
by behappyalways » Tue Dec 12, 2023 6:15 pm
by behappyalways » Fri Dec 22, 2023 11:22 am
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