Craig Hemke – Gold’s Superfecta! Daily, Weekly, Monthly and Quarterly All Time Highs
Craig Hemke, Founder and Editor of TF Metals Report joins us to discuss gold’s superfecta! A superfecta is a betting term referring to 4 correct picks on the same bet. For gold this is all time highs on a daily, weekly, monthly and quarterly basis. We discuss what’s driving this move and how much higher price could go.
Of course we have to look at silver and the gold equities as those have yet to breakout. There are some positive trends in both that could be signifying the start of a longer term breakout.
I’m sure the beginnings of these forks will be cut off. The red one that was just overcome is a Schiff fork based on the 1980 high (still the all-time high in real terms). Notice that it capped gold in 2020 and last quarter…
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=Q&yr=50&mn=11&dy=0&id=p49847098297&a=762641779&r=1711660058320&cmd=print
This quarterly close was almost $50 above the quarterly Bollinger Bands.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=Q&yr=16&mn=0&dy=0&id=p04218147402&a=1445527237&r=1711661119795&cmd=print
I thought this was appropriate for all those non-believers out there: https://www.youtube.com/watch?v=0mnyIIg85cc&list=TLPQMjgwMzIwMjTPCY8L97fewA&index=2
Like June 2019 gold also scored a monthly close above its monthly Bollinger Bands. After that 2019 monthly close gold went up another 48% in just over a year.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=M&yr=9&mn=0&dy=0&id=p94796173683&a=1445971004&r=1711661824607&cmd=print
Q1 is over and gold could hardly look better. Price has now thoroughly confirmed what momentum told us months ago. Green lights abound for latecomers.
Quarterly gold:
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=Q&yr=20&mn=0&dy=0&id=t4678028584c&a=1567444541&r=1711658921426&cmd=print