In Part I. Aaron Brickman, a Financial cycles analyst and gold aficionado, joins us Friday night via a DYNAMIC Charting video presentation.
- A technical review of the 3 key US stock exchanges.
- Could the rate manipulation finally crater US shares this year?
- Last year, key lenders missed the rate hike cycle - what will happen if the Fed cuts 5-7 times in 2024?
- Could the key market cycles work against Stock Bulls in 2024?
- Gold futures technical support and projections.
Brickman on COMEX Gold Futures: He is uncertain in the short-term, and is bullish long-term. When he looks at the chart, he doesn't believe gold has broken out yet, as we are still trading beneath previous highs.
If we clear the spike gold had a month ago of $2150, that's a break out. That will show you successfully back-tested the prior high level, and then took off to the upside. You want to see a successful re-test, because then you can use that as a springboard.
- With the Fed signaling rate cuts, will the cuts ignite the next leg of the gold bull market this year?
- The technical case for explosive moves higher in the silver market.
- Aaron expects an ultimate run in the silver market into triple digits.
- Once silver clears $30, the sky may be the limit as true price discover enters the market.
"Here's my look long-term on silver, I think we see a minimum of $500. Okay, long term. There are 40 years of price suppression that will probably catch up in a matter of months. When it happens, the move will be so fast but it'll be during a financial crisis. And when it clears $50, I think the real battle and you can look at it on that chart.
The real battle has been taking place at $30; I think when $30 clears, you're at $50 very fast, and at $50 – you're at $100 very fast because once you get through it's going to be gone, it's going to be because I'm not going to say it's going to move as fast as crypto, but it'll feel like you're in a crypto market because you'll have real price discovery coming into the market because the gatekeepers are failing at their job."
Aaron Brickman's Twitter.
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About the author
Chris Waltzek is host, executive producer, writer/editor, best-selling author, webmaster, sound engineer and computer guru at Goldseek.com Radio. He earned his bachelors degree in Business Economics and holds a dual MBA in Business Economics & Information Systems. Upon graduation he worked as the firm-wide Industry Analyst at one of the nations largest law firms, Jones, Day, Reavis, Pogue. Chris is currently a Ph.D. student in Management / Finance at NCU.
