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Market Updates

Gold-Record’s Calamity; Stocks’ Stark Misfortune-to-Be

Gold’s dominant trends all remain up:  that includes the key 21-day linear regression trend, and both the year-over-year regression trend and the parabolic Long trend, now a healthy eight weeks in duration and accelerating upward.

Gold & Silver Outlook after Contrived Flushout...

PM sector investors have just been royally played – first they are encouraged to pile in on gold’s breakout to new highs, which occurred when it was already very overbought, and now they are being pressured into barfing their holdings before the sector turns around and then goes on to break out for real.

Gold-Record Momentum

Gold just achieved its first new nominal record close in several years!  That came as a super-bullish upside breakout in a massive secular chart pattern, portending much-higher gold prices. 

US Jobs Report: A Key Catalyst For Gold

We booked serious profits into this rally and we're flat now, awaiting fresh buy and sell signals for gold stocks, bonds, and silver.

Final Resistance for Gold & Silver

Get positioned during this weakness because share prices could accelerate much higher before next spring. There is no looking back once the market clears $2100.

Central Banks and Geopolitics to Support Gold In 2024

So whilst soft landings have not always been good news for the gold price, we would posit that the latent impact of increased rates on the US economy combined with geopolitical events and central bank buying will set gold up for a stellar 2024. 

Everything Tomorrow Centered on the US Jobs Report at 7:30 AM CT

It is a difficult market right here. It's certainly going to look at the jobs data and come to life with it. 

Gold Staying Under Pressure as Long as Dollar Keeps Climbing

We've had one wild ride in this market where you got up to $2150, and you're now $100 an ounce lower. Why is the market stopping here?

$2010 & $1985: Golden Stocking Stuffers

A drop to the lower trendline would put gold at the big $2010-$1985 support area. It’s a “must buy” zone for most gold stock enthusiasts. I call it a golden stocking stuffer.

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