Submitted Sep 16, 2024|From silverpriceforecast.com

Silver extends advances, follows rallying gold prices. The silver futures contract gained 3.21% on Friday, September 13, as it accelerated its Thursday’s rally of over 4%. It reacted to a record-breaking advance in gold prices, gaining stock market. ...

Submitted Sep 9, 2024|From goldpriceforecast.com

So yes, that’s exactly what happened. The GDXJ closed the weekly with a record (nominal) decline – that we haven’t seen since May 2022. The above chart shows that the multi-top that the GDXJ is most likely forming is indeed (as I wrote about it ...

Submitted Sep 5, 2024|From goldpriceforecast.com

Tuesday’s decline and its “implications”. In today’s gold price forecast, I decided to share with you my insights from yesterday’s Quick Gold Alert. Have a nice read! Let’s start today’s Quick Gold Alert with the 4-hour chart and quotes from ...

Submitted Sep 3, 2024|From goldpriceforecast.com

Verification of an earlier breakdown or something more? In today’s gold price forecast, I decided to share with you my insights from Friday’s Quick Gold Alert. Have a nice read! Technical Picture of Gold: chart Looking at the daily chart, we see ...

Submitted Aug 19, 2024|From goldpriceforecast.com

The Fibonacci retracements, the Friday’s breakout, and the channels. What do they say? In today’s gold price forecast, I decided to share my insights from the last published Quick Gold Alert with you. Have a nice read! Let’s start today’s Quick Gold ...

Submitted Aug 5, 2024|From silverpriceforecast.com

Silver price is breaking lower; all eyes on japanese currency, stock markets. The silver futures contract lost 0.30% on Friday, August 2, as it extended a consolidation, remaining relatively weaker than record-breaking gold. Recently, silver has ...

Submitted Jul 29, 2024|From silverpriceforecast.com

Silver price is rebounding above the $28 level; economic data in focus this week. The silver futures contract gained 0.16% on Friday, July 26, as it remained close to its new local low from Thursday. On Thursday, silver lost 4.6%, accelerating its ...

Submitted Jul 23, 2024|From goldpriceforecast.com

Gold moved to new ATH as expected after price action from the last two months looked corrective. It was the fourth wave, ideally a triangle so that it pushed higher, up to 2480. chart It was the fifth wave of an extended III, which was now already ...

Submitted Jul 22, 2024|From goldpriceforecast.com

The latest gold charts are pictured below and show a series of descending price peaks dating back to 1980. There are four charts. The first two charts are for the period following the August 2011 peak. The third and fourth charts are for the period ...

Submitted Jul 17, 2024|From goldpriceforecast.com

Gold is reaching new record highs as it gets closer to $2,500 mark. The gold futures contract gained 1.60% on Tuesday, July 16, as it rallied to a new record high following advances in stocks, weaker U.S. dollar. Last Thursday, gold broke above the ...

Submitted Jul 15, 2024|From goldpriceforecast.com

The anticipation and speculation regarding interest rate cuts is almost comical to watch. Scratch 'almost'. Interested observers are obsessive about the topic in a hilariously funny way. Mainstream media and the pundits always find cause for ...

Submitted Jul 12, 2024|From silverpriceforecast.com

Silver is retracing yesterday’s advance; PPI data in focus. The silver futures contract gained 2.12% on Thursday, July 11, as it broke slightly above the recent trading range following the CPI release. The market reached a local high of $32.02, but ...

Submitted Jul 8, 2024|From silverpriceforecast.com

Silver price backs off after breaking higher as markets await Powell, CPI this week. The silver futures contract gained 2.75% on Friday, July 5, as it extended its Wednesday’s rally of almost 4% after breaking above the $31 level. Last Wednesday, it ...

Submitted Jul 3, 2024|From goldpriceforecast.com

In short, this might really be the case. But since we just saw a rally in the price of gold, let me start by commenting on that. The gold price tends to be volatile before important statistics are released, and today is one of those days. Today, we ...

Submitted Jul 2, 2024|From goldpriceforecast.com

Our short position in gold remains profitable despite the lack of action on the markets. But that’s just peanuts compared to what’s to come. As not much is happening on the markets, I’ll provide you with a quick update, and then I’ll do the ...

Submitted Jul 1, 2024|From silverpriceforecast.com

Silver price is still going sideways, remaining below the $30 level. The silver futures contract gained 1.04% on Friday, June 28, as it extended a rebound from the last Tuesday’s local low of $28.86. Last Tuesday, the market broke the recent lows ...

Submitted Jun 24, 2024|From silverpriceforecast.com

Silver price is below $30 again, following Friday’s sell-off of almost 4%. The silver futures contract lost 3.92% on Friday, June 21, as it retraced its Thursday’s rally of 4.3% following a sell-off in gold amid USD strength, stock market’s ...

Submitted Jun 14, 2024|From goldpriceforecast.com|1 comment

Another day, another decline in junior mining stocks. The big decline appears to have re-started - congratulations on your patience. This is one of the virtues that pays particularly well on the markets, and I expect it be the case also this time – ...

Submitted Jun 11, 2024|From goldpriceforecast.com

Gold miners were just the most overbought since 2020, and it seems that they topped just like back then. At least, that’s what the Gold Miners Bullish Percent Index is suggesting. It’s a breadth indicator based on the number of stocks with Point & ...

Submitted Jun 8, 2024|From goldpriceforecast.com

Despite yesterday’s improvement in gold, the bears attacked earlier today. What are the implications? From today’s point of view, we see that although the U.S. currency moved a bit above the previously broken red horizontal line (based on the lower ...