A gold price of $3000+ turns most of these companies into cash cows, and at $3800 gold, investors can expect to see the HUI, XAU, and GDX soar together… to glorious all-time highs!
With silver still trading at a steep discount to gold and technical indicators pointing to $35 as a new support level, analysts view a move toward and above $40 as increasingly likely.
We saw gold fall a little, but gold stocks rose nicely. We are still trying to understand the pattern that appears to be forming. It appears as a five-point 1,2,3,4,5 reversal pattern.
We see next week as pivotal for both Gold and the S&P. Inclusive of the GDP, the FOMC and the renewed tariffs spree come 18 metrics for the Econ Baro’s scrutiny. As well, Gold’s contract volume rolls...
You're sitting here up 1.29% for the week — that's not bad action at all. The swing line is sort of confirming that, having the higher lows and higher highs.
You can see how the gold has been coming back up, where the market came out and closed in the top quadrant of each day. It's carrying the market with higher lows, higher highs.
