Christopher Aaron – Medium-Term Technical Outlook On Gold, DOW to Gold Ratio, Silver, And PM Stocks
Christopher Aaron, Founder of iGold Advisor and Senior Editor at the Gold Eagle website, joins us to review his medium-term technical outlook on gold, the Dow:Gold ratio, silver, and the precious metals stocks. He is constructive based on the progress on the charts, but has some concerns over the next few months, as he sees a growing potential for a correction in the US equity markets that could take most sectors down. We review what he is watching as the Dow:Gold ratio continues to flatten out. In the near-term, he is expecting a little more upside in the PMs, followed by corrective move to let things cool down, before the next big impulse leg higher.
Christopher points out that on a historical basis, every time gold has broken out to new highs, it has back-tested the breakout pricing level, before moving even higher once again. Mining stocks tend to outperform in the later moves in precious metals bull markets, after the back-test of the breakout levels has occurred. We also look at the pricing action in silver, and GDX in relation to gold and in contrast to other prior bullish runs.
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Click here to visit the iGold Advisor website to keep up with Christopher’s market commentary.
Christopher Aaron | Fireworks & Life-Changing Gains Coming To Mining Sector, Gold & Silver Prices
Metals and Miners – Apr 14, 2024
“We dive into the rising interest of mainstream investors in gold and silver as prices soar, with projections of silver reaching at least $50 per ounce by year-end. We discuss trading strategies, market behaviors, and potential peaks, emphasizing risk management and long-term investment goals. Insights are shared on undervalued mining stocks, commodity super cycles, and strategies for maximizing returns, backed by technical analysis and geopolitical factors. Christopher also expresses optimism about human progress, encourages engagement, and highlights the current investment opportunities in the precious metals sector.”
– Mainstream Investor Interest in Gold and Silver
– Silver Potential and Price Projection
– Market Trading Strategies for Silver
– Market Retracements and Behavior
– Market Psychology and Investor Behavior
– Investment Opportunities in Mining Stocks
– Commodity Super Cycle and Outlook
– Market Resilience and Analysis
– Positive Outlook on Human Progress
Gold Rocket via Liquidity Crisis : Michael Howell
https://www.youtube.com/watch?v=RdFFDjPLq1A
Hi BDC..This /NG monthly is shaping my view…not determinate…..look at those 3yr lows like a clockcycles…no idea…but it says the low is late summer in time for the el nino?….glta
Larry – Late summer makes sense, esp. with the geophysical aspect. But the price may drop below that of a few years ago, per the Elliott Wave people. Maybe down to the 1.25 range. Also, Gold will likely hold significantly above yesterday’s low (2325 spot) as a higher level sideways consolidation is now taking place, which should resolve by Friday or Monday. BDC
OK…good info BDC…..It will not be easy re /NG…regardless…..probably someone could go in here and now and go away for a year….I cannot do that…lol
i see your view on gold…high volume top a few days back will get retested…beyond that I just cannot tell…The pullbacks have been light…so i must conclude that gold IS in play….ya know…what if this top in equities became the top prior to deflation….enough worries…thanks BDC!
Three Fed speakers including the grand pubba hisself speaking in the next hour so markets could swing wildly soon…
Oracle Holdings, ORCL, doubled today, I am up over that so far… took a few bucks off the table but am letting it role. No chart available.
Let Timberline be an eye opening warning that M&A may be the “intended consequences” of price suppression. Timberline driven into the pits despite it being known in the fault line of I-80. We may be seeing the beginning of the “reason” why Junior explorers have not been moving while physical has. That would be artificially driven low prices during a bull market in physical, followed by M&A. Sounds like a Plan beginning to payoff.
(IAU) (IAUX) i-80 Gold Announces High-Grade Results from Underground Drilling at Cove
15 Apr 2024
New results include 29.6 g/t Au over 7.2 meters, 18.7 g/t Au over 8.3 meters & 37.2 g/t Au over 3.7 meters
https://www.i80gold.com/i-80-gold-announces-high-grade-results-from-underground-drilling-at-cove-4/
(CXB) (CXBMF) Calibre Intercepts High-Grade Gold & Silver Mineralization from Several Targets at its Eastern Borosi Mine Complex; Drilling Intersects Include 10.81 g/t Gold over 3.4 metres, 9.64 g/t Gold over 3.3 metres, 1,431.6 g/t Silver over 2.9 metres and 642.3 g/t Silver over 5.0 metres
15 Apr 2024
https://calibremining.com/news/calibre-intercepts-high-grade-gold-silver-minera-8200/
I said it many weeks ago and I’ll say it again. NG is a long ways from a bull market even if it HAS bottomed. Of course that doesn’t mean it’s not tradeable but I much prefer the winds of a bull market at my back to make me feel smart. We have that in the gold sector and the current pullback should be bought especially by those who have little to no exposure. The caveat ironically is that gold is the one part of the gold sector that I would not buy here but everyone’s situation/profile is different and many people should buy gold even now.
There’s plenty of money to be made in NG even before it has a chance at a true bull market but I’m not interested, at least not yet.
https://stockcharts.com/h-sc/ui?s=%24NATGAS&p=D&yr=1&mn=3&dy=0&id=p01875142253&a=1557925641
True Matthew! But it became a pariah due to anti-LNG operations which Brandon made official in January. The strange chart action prior to that point then made sense. NatGas will have its day, along with the PMs which now hold sway. BDC
I agree BDC, NG will have its day and I intend to be there when it does! I’m far from sure that it’s going lower but confident there will be plenty of time to take part even if it starts climbing tomorrow. It’s not set up for a runaway bull at this time.
https://stockcharts.com/h-sc/ui?s=%24NATGAS&p=W&yr=7&mn=0&dy=0&id=p79435991753&a=1082379218
“…prefer the winds of a bull market at my back…”
Descriptive, beautiful
https://tinyurl.com/yjckk4pk
Gold Week : Update
Consolidation
It appears intervention grows as collapse grows. They have found it necessary to control price levels. Although it also appears to be acts of desperation, the depth of control results in temporary sustainability for those over extended. Their temporary survivability is at our expense. Picking winners and losers and doing God’s work as the CEO of Goldman said years ago before a Congressional Committee is not Capitalism or Democracy.
good one Lake……….. ditto
Is it too soon to say “maybe next year”. My account has now dropped below the lower part of the channel. Stocks in green have dropped 36% in 2 weeks.
gdx..240 minute chart view……https://tos.mx/QlwY1SN
Larry, thanks for the chart.
It may well happen!
Christopher Aaron | Gold & Silver Mining Stocks Set For Historic Move
Metals and Miners – Apr 13, 2024
“Join me, Gary Bohm, founder and host of Metals and Miners, in an enlightening discussion with Christopher Aaron, founder of I-Gold Advisor. Christopher is a CIA drone analyst turned market charting expert. I-Gold Advisor is an intelligent research and independent analysis firm focusing on precious metals, commodities, and currency markets.”
“He specializes in using cycles, proprietary technical analysis, and market psychology to gauge both long-term secular trends and short-term opportunities for profit. His primary focus lies on intense scrutiny of the gold and silver markets. Christopher shares his incisive analysis and predictions on the movements of gold and silver, inflation, interest rates, and more.”
“Discussion on stock market behavior, inflation surge, and gold breakout. Christopher Aaron’s insights on precious metals, commodities, and currency markets. Emphasis on technical analysis, limitations of fundamental analysis, and learning from past financial crises. Analysis of market themes, Federal Reserve policies, and central bank reserves’ impact on gold. Exploration of potential gold revaluation, silver’s undervaluation, and market trends based on historical patterns and signals.”
https://youtu.be/_CjwOXVZi-0