Will gold finally hold above the recent $1,750 breakout?
Brien Lundin, Editor of The Gold Newsletter joins me to share his thoughts on the move higher today in gold. After breaking above $1,750 again we discuss if Brien thinks this time it’ll hold. We also discuss the general environment for the stocks.
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Gold managed to close above Bollinger Bands that had narrowed and are now widening (upper band pointing up) so I wouldn’t count on gold stalling here.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=0&mn=10&dy=0&id=p54318466541&a=939077915
We saw similar action in May, 2019 and it was followed by 5 more days higher which remained outside of the Bollinger Bands.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&st=2019-01-15&en=2019-09-29&id=p38010735236
Silver looks good but everything gold might have the advantage for a little while (again, “might”)…
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=3&mn=11&dy=0&id=p55535011761&a=939080335
Good to go after thoroughly testing the 200 day MA:
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=0&mn=11&dy=0&id=p52670473176&a=937970450
Matthew, of all the charts and graph people you are certainly one of the better if not the best! DT
Thanks DT. The bears are essentially out of time if they fail to push the sector down significantly today!
I agree, the leading role is with gold again.
(GBR) (GTBAF) Great Bear Resources – Red Lake Gold Exploration
Apr 15, 2021 #VIDEO
Silvercrest drills 2.3 m of 14,034 g/t AgEq at Chispas
2021-04-15 07:42 ET – News Release
Mr. N. Eric Fier reports
SILVERCREST ANNOUNCES HIGH-GRADE DRILL RESULTS ON MULTIPLE VEINS IN THE BABICANORA AREA
Morning smash of miners more protracted this AM. However, Group Ten and Vangold showing signs of life.
I lost control of myself and just bought some more NSRPF@1.92
You are already up…good buy.
Apologizes in advance Matthew if galleon doesn’t pop……I’ve started a position.😎
Thanks for the warning! 😲🤦♂️
GDXJ closed at pitchfork resistance today but also activated a double bottom which “confirms” the double bottom that was already achieved by GDX.
Unless the bears can push gold way down tomorrow, expect the miners to benefit from increasing FOMO among pros and retailers alike.
https://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=0&mn=11&dy=0&id=p84438513311&a=939074417