A monthly chart view of the gold price projects a break to blue sky, but needs to confirm a breakout first (and endure the noise of an ‘in the bag’ banking sector)
Masses from every nation are increasing their long term investment in gold. Indians and Asians have already started increasing their long term physical gold investment.
Once the gold price breaks above the prior highs, the next move higher in gold -- the bubble phase -- will move a lot faster than most people will expect. None of your prior tools is going to work. Too many will sell too early ...
As I have also outlined in many past articles, now is the time you want to be preparing for what will likely be the most difficult bear market we have seen since the Great Depression.
Canaccord expects inflation to be less of a headwind for producers in 2023, with expectations for mining all-in sustaining costs (AISC) to be relatively flat in 2023.
