Christopher Aaron, Founder of iGold Advisor and Senior Editor at the Gold Eagle website, joins us to break down the bigger picture technical and fundamental reasons he believes both gold and US general equities will make all-time highs in 2024, but that only one of those moves will be legitimate and continue higher. We spend some time reviewing the Dow:Gold ratio chart, and the large compression triangle it has been in for many years now getting ready to resolve in the next year or two.
We also explore what it would mean for gold and silver stocks if this was to be the last big move higher to come in gold, and Christopher provides some analogs to this period of time with PM equities and what played out in the second half of the 1970s. We look at what happened to gold and silver in the 1970s during sideways consolidations before finally breaking out, and then what correspondingly happened in the pricing action with both Newmont Corp (NEM) and Hecla Mining (HL) during those same time periods.
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Click here to visit the iGold Advisor website to keep up with Christopher’s market commentary.
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