The U.S. Treasury presently “scores” the U.S. Bullion Depository supply of Gold at $42/oz, for a total of $6,174,000,000. That is how much the U.S. Federal Government spends about every 10 hours.
The dominant gold-stock benchmark is nearing a dozen-year secular breakout, with GDX just single-digit-percentage gains away. Gold stocks are nearing that psychological tipping point of self-feeding buying.
You still have the pattern of higher lows and higher highs at work. The question is, can the market accelerate and make the run now to the $3000 level or not?
Ukraine peace talks and related developments will impact the trend of precious metals and base metals. Momentum and sentiment are bullish for gold and silver.
