Fiat Flameout: Hi Ho Silver!

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1. While many gold market technicians have been neutral to slightly negative about gold in the short term, I’ve been extremely positive.
As of today, I’ve become outrageously more positive. To understand why that is, please click here now. Double click to enlarge this spectacular daily gold chart. I’ll dare to suggest that gold investors have behaved very well this year. As a result of that behaviour, Santa has put a beautiful bull wedge breakout into everybody’s Christmas stocking! The near-immediate price target is $1310, but $1360 should also be hit during what looks to be a very positive Chinese New Year season. Do the festivities extend to gold stocks as well? Absolutely! Please click here now. Double click to enlarge this GDX chart. GDX is sporting a great looking inverse head and shoulders bottom, and the rally from the head of the pattern has a bull pennant formation breakout in it. This is quite exciting. For gold stock investors around the world, it is really ushering in the new year in a great way. I’ve suggested that the $25 – $26 target zone is likely to turn out to be little more than a pitstop on the road to the $35 area.

This post was published at SilverSeek on December 26th.


What Peak Gold, Interest Rates And Current Geopolitical Tensions Mean For Gold in 2018

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What Peak Gold, Interest Rates And Current Geopolitical Tensions Mean For Gold in 2018
– Peak gold will be a major driver, gold over $5,000/oz ‘not beyond the realms of possibility’
– Relationship between interest rates and inflation are one of the key catalysts for price
– Geopolitical uncertainty will continue to play a key role in determining the price of gold
– What happens when the unstoppable force of robust global demand for gold meets the immovable object of a small, finite, rare and dwinding supply of physical gold?
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The editors over at The Daily Reckoning have taken some time to speak to gold market experts about their thoughts and expectations for the precious metal in the new year.
There were two main catalysts mentioned by both the experts and the editors; the relationship between interest rates and inflation, and mounting geopolitical tensions.

This post was published at Gold Core on December 20, 2017.