Gold on Thursday reached an All-Time High of $3,372. Our being curious to see the FinMedia’s acknowledging of the fresh All-Time High, we went to three key website main pages: Bloomy – no mention; Dow Jones Newswires: – no mention; CNBS – no mention.
The higher gold stocks climb, the more traders will want to chase their upside quickening their gains. With gold stocks still seriously undervalued, allocations can still be added with earlier buying improving potential for bigger gains.
When you look at the bar chart, you see that gold has run away this week. When it corrects, look out. It will be a big correction that will come fast and out of nowhere. The correction probably won't last long, but it will be nasty.
In response to tariff tax attacks launched by the US government “cowboys”, the Chinese central bank (PBOC) may or may not increase its tiny monthly gold purchases.
It looks like we are still in the early stages of what should prove to be an epochal bull market for the Precious Metals sector, that could dwarf all previous ones.
We have updated our internal wave count within wave 3, as shown on our Weekly Silver Chart. We completed wave i at 29.91 and wave ii at 18.01 and we are now continuing to move higher...
