At $2717 Gold is priced at 71% of its $3818 Dollar debasement valuation, even as rightly adjusted for the increase in the supply of the yellow metal itself.
Gold prices notched a series of highs in 2024 and the run could extend into 2025, in part because investors are so pessimistic on geopolitics and government debt.
Jobs data better reflecting reality will be bullish for gold; traders will expect a lower federal-funds-rate trajectory ahead. Gold stocks will soar on resulting higher prevailing gold prices.
A range trade for gold could see the miners and silver stage numerous 20% surges in 2025. Compounded, investor profits from the action could be stunning!
Gold is certainly not acting in a bullish mode just yet. The market has to get back over the $2681 level to convince the market there's more upside left in this.
