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- Submitted Nov 7, 2023|From goldpriceforecast.com
In yesterday’s analysis, I wrote that mining stocks’ rally was likely temporary. Indeed, they already moved back below our entry point for the current short position. This happened even though the general stock market moved slightly higher. What’s ...
- Submitted Nov 6, 2023|From goldpriceforecast.com
You saw how miners soared on Friday – everyone did. But do you know why it happened? This time, it’s actually quite clear… It’s usually difficult to say what made the market move in a certain way. “Because there were more buyers than sellers” or ...
- Submitted Nov 2, 2023|From goldpriceforecast.com
Gold didn’t just invalidate the move above $2,000. It moved even lower – that’s how we know the invalidation is real. And so are its consequences. After gold’s suspicious rally, we see a very real decline. And the decline in silver and mining stocks ...
- Submitted Oct 31, 2023|From goldpriceforecast.com|1 comment
Gold futures finally closed above $2,000, but if one is betting on the rally’s continuation, it’s too early to open that champagne. There are a few things about yesterday’s move higher that make it suspicious. Two of them are visible directly on ...
- Submitted Oct 26, 2023|From goldpriceforecast.com
Gold price moved higher on Wednesday, and this move might be confusing. Is the pullback over? Or is this a broader top? Let’s take a look at the charts to find out. In short, the current situation is similar to what we saw in May, and it’s also like ...
- Submitted Oct 25, 2023|From goldpriceforecast.com
Miners moved higher yesterday, and while they didn’t move up as much as they had moved down on Monday, some might say this was bullish. I disagree. It was normal. And I have a chart to back it up. chart The above chart features the GDXJ from the ...
- Submitted Oct 24, 2023|From goldpriceforecast.com
Gold, silver, and mining stocks declined yesterday, and the initial slide in the latter was truly profound. And that’s not the end of it. In fact, it seems quite likely that another huge move lower has just begun and that you managed to enter short ...
- Submitted Oct 21, 2023|From goldpriceforecast.com
While the geopolitical conflict has been a boon for the yellow metal, the domestic battle supports much lower prices in the months ahead. The PMs are back in style, as market participants have flocked to gold amid the ongoing Middle East conflict. ...
- Submitted Oct 19, 2023|From goldpriceforecast.com
The price of gold soared once again yesterday, but there are important signs suggesting that this rally is close to being over. The current action in the precious metal sector continues to be determined by the increasing concern/interest in war, so ...
- Submitted Oct 19, 2023|From goldpriceforecast.com
Miners strength relative to gold means that the precious metals sector is about to move higher. But how high? As I wrote in my yesterday’s analysis, it’s a tough call to say how high gold might go once Israel’s military operation fully starts, but ...
- Submitted Oct 4, 2023|From goldpriceforecast.com
Well, was it? Miners showed strength by moving slightly higher while gold moved lower, so… So, nothing really changed because one swallow doesn’t make a summer and gold didn’t reach its strong support levels just yet. And neither did miners. ...
- Submitted Oct 4, 2023|From goldpriceforecast.com
Gold was trading sideways through the summer period, where we spotted a larger bearish running triangle formation within wave B, from where we were looking for a drop into wave C. On September 18, we were tracking the final stages of the pattern. We ...
- Submitted Oct 3, 2023|From goldpriceforecast.com
Gold continued its downward path this past week and all but confirmed that lower prices are ahead. Below is a chart of price action dating back to the peak in 2020... chart The nominal price peak for gold at $2058 oz. in 2020 represented a ...
- Submitted Sep 29, 2023|From goldpriceforecast.com
It happened! Junior miners moved to new 2023 lows! If one opened a short position in GDXJ this year and they hold it, they are profitable. The question – of course – is if junior miners and the rest of the precious metals sector are going to ...
- Submitted Sep 27, 2023|From goldpriceforecast.com
The precious metals sector was likely to decline, and that’s exactly what it did yesterday. The USD Index soared once again, also as we expected. Let’s analyze what happened in gold price, silver price, and mining stocks. chart As I already wrote, ...
- Submitted Sep 15, 2023|From goldpriceforecast.com|1 comment
While the crowd believed the Fed when it proclaimed inflation was contained, another mistake is unfolding as we speak. Throughout 2021, investors were soothed by the Fed’s nonchalant inflation attitude and assumed the central bank had the situation ...
- Submitted Sep 1, 2023|From goldpriceforecast.com
Miners ended the Aug. 31 session in the red, as the GDXJ ETF declined by 0.99% and the GDX ETF by 0.88%. Likewise, gold and silver sank by 0.36% and 1.16%, respectively. Furthermore, while the pivot crowd assumes 2023 is a lot like 2021 and 2022, ...
- Submitted Aug 29, 2023|From goldpriceforecast.com
Subtle, yet important. That’s what the changes in the precious metals were like on Friday. The breakdowns in gold and mining stocks were verified, just like they were supposed to, and we made money on this rebound through the quick long position ...
- Submitted Aug 22, 2023|From goldpriceforecast.com
What a difference a day can make! Everything was just SO bearish, and now… Well, some things changed. They changed quite profitably, as we just took profits off the table with GDXJ at $33.26. And right now, it seems that long positions might ...
- Submitted Aug 16, 2023|From goldpriceforecast.com
The fundamentals and technicals have performed as expected, with the PMs coming under heavy pressure in recent weeks. Initially, the crowd assumed that a higher U.S. federal funds rate (FFR) was a recipe for an immediate recession. However, we ...