Gold climbed to the highest since May as the dollar weakened ahead of Treasury auctions that are expected to indicate whether the U.S. bond market is set for a meaningful revival.
A big story of the week was gold making all-time highs. Yes finally it took out (barely so far) the high of 2020. Gold, silver and the gold stocks enjoyed a good week. More to come. Got gold?
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.
