Quite a ride for gold last week - $32 higher on Friday! That's powerful. It got as high as $2,095. So you got a $2,100 market in gold. We are back up to $2,071 on a monthly basis.
Fears of widening of Israel-Hamas war after an attack on American warship and a commercial vessel in the Red Sea is why gold and silver zoomed in early Asian morning or pre-Japan opening.
Our initial projected endpoint is...$2,234.50. We expect higher prices over the next number of weeks...Our current projected endpoint for the end of wave .v. and wave -iii- is: $2,531.10!
Mid-tier gold miners reported a spectacular quarter, winning against inflation, mining costs back lower; combined with higher gold prices made for enormous earnings growth.
These ratio charts could scarcely look more bullish for the PMs sector than they do now and this being the case it is perfectly in order for us to be raving bullish on the sector now and since..
Commercial traders would almost certainly be buyers at $1925. That’s the number I suggest gold bugs focus on for any new buys while cheering for gold to go to the $2080 highs...
