It makes sense that precious metals would bottom right before the last rate hike. The market is now aggressively pricing in rate cuts in 2023. Now is the time to be a buyer of weakness.
While a summer rally for gold looks ready to begin, the most likely time for a major move higher above the key $2000/ounce zone is early 2023. Here’s why..
If you consider yourself a long-term investor, and you have owned Barrick for the past twenty-five years, you have gone nowhere.
That will catapult gold prices much higher in coming months, and gold stocks will amplify their metal’s gains like usual. The extraordinarily-overbought US dollar rolling over will..
“These additional drill results continue to confirm and further delineate high-grade gold mineralization at Golden Mile.”
A macro turn is in progress and not yet complete. The coming cycle will include new inputs and investors should not have automatic or robotic thinking, especially about inflation as it relates to gold.
Technical stock chart updates on $NUGT, $USA.to, $GDX, $GDXJ, $GFI and more.
Aztec - Kootenay JV Reports Final Gold and Multi-Element Results from 2021-2022 RC Drill Program on Cervantes Property, Sonora.
Gold and especially gold stocks are counter-cyclical. We have been noting forever and a day that the macro fundamental picture for gold stocks is incomplete, but..
I expect a big move in the sector sometime between now and Halloween. Also, keep in mind that the effort to prevent gold and silver from moving higher has been particularly aggressive since..