Gold Price is at the Cliff - Will CPI Numbers Push It?
Today’s analysis is taking the video format, but in general, what I wrote yesterday, and in the previous days, remains up-to-date.
I recorded the above analysis before CPI statistics were released (this should have been posted to you here about 2 hours ago, but wasn’t due to a technical error) and, since we have them now…
At this moment, GDXJ is completely flat while gold and silver are higher very insignificantly. This pretty much confirms what I said in the video. The uncertainty now decreased, and it seems that PMs and miners are ready to slide any day now.
Also, if you didn’t see my previous messages on that matter, I’m inviting you to tomorrow’s Regain Inner Strength Experience - you will find more information on the signup page.
The RISE will include exercises aimed at increasing one’s mental resilience, and it’s completely free for everyone. You can join in at the above time on Golden Meadow’s YouTube channel, but I suggest that you sign up for the free RISE session here in order to get the reminder and be notified about any possible changes in schedule.
The event will be recorded, and you will get a lot of value from watching (or re-watching) it later, too, but (trust me on this one) you’ll get the most value if you attend live. Of course, it’s better to watch it later than not to watch it at all, but being there live is best. See you on Friday!
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Przemyslaw K. Radomski, CFA