Bullion has largely held ground this year despite expectations being pushed back on how soon the Fed will start easing.
The truth wrecks the narrative. As the cost to survive goes on the rise, ’tis probably a good idea to have a little Gold! Or a lot of Gold!
Positions as of 27 February, 2024
Oversold gold stocks riddled with capitulatory bearishness is an anomaly that will be short-lived. They are due to mean revert sharply higher with gold.
Crypto has a wall of dumb money flowing into it. My super gold signal could flash a huge buy alert on gold stocks with this week’s close.
You have the same number practically for the 18-day average and the 100-day average. That's called a bullish convergence right there, now which way is it going to go?
What lies ahead for America is likely 1970s stagflation on steroids, and Thursday’s PCE report just might be a golden trigger day!
The pattern is still bullish and notice that in order to break the uptrend, you've got to take out that $2025 area.
Analysts at the Australian bank noted that annual central bank gold demand has nearly tripled and now makes up 25 to 30 percent of total global demand.
According to JP Morgan, gold has remained more resilient than expected...They maintain their bullish forecast with an upside target of $2,300/oz...