Silver shot up again! Excited? And rightly so, because it’s a very important indication.
Exclusive Gold Price Analysis
Gold is trying so hard to move above $2,000… The dramatic attempt gets many heads turning, but… It doesn’t look good.
Miners have already decided what they want to do, and now they are simply waiting for a sign. And they are about to get it.
The yellow metal’s pivot dreams could become a reality. But should it be celebrating the economic weakness?
That’s all, folks. Whatever “bullish news” for gold was likely to happen has likely already happened. And you know what happens next?
What a powerful bearish confirmation! Not only did our profits increase yesterday, but we got this precious gift, too!
Miners’ rally failed, gold’s upward momentum is broken, and the USDX appears to have bottomed. Very interesting times ahead!
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.
Gold Price Analysis
Amid a Thanksgiving-induced market calm, this week saw the dollar stabilize and U.S. yields rise, hinting at only a temporary shift in market dynamics.
Silver just shot up, and given what the stock market is doing, it makes perfect sense.
What we know about gold is simple and straightforward. Gold is real money and a long-term store of value.