• 497 days Will The ECB Continue To Hike Rates?
  • 497 days Forbes: Aramco Remains Largest Company In The Middle East
  • 499 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 899 days Could Crypto Overtake Traditional Investment?
  • 904 days Americans Still Quitting Jobs At Record Pace
  • 906 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 909 days Is The Dollar Too Strong?
  • 909 days Big Tech Disappoints Investors on Earnings Calls
  • 910 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 912 days China Is Quietly Trying To Distance Itself From Russia
  • 912 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 916 days Crypto Investors Won Big In 2021
  • 916 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 917 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 919 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 920 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 923 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 924 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 924 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 926 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Buy Signals: Gold & Silver

Briefly and to the point, now is the time to add to Gold and Silver. We all know that the Federal Reserve and CNBC have been trying to attract the public back into the NASDAQ. Gold and Silver have corrected, and are giving buy signals. Times in the equity markets are like January 2000. NASDAQ has 300 points of downside risk. INTC earnings are a joke given the multiple on the stock. Do not follow CNBC gurus, as they will lose you money.

Longer Term Chart with Buy

The shorter term chart, which follows, is also confirming the Buy signal in above chart. Next chart is shorter term chart. Also, notice what is missing in above chart. $300. That price level is history and only in our memory. $400 will likely be broken before end of the year. Also, nice to see all those advisors jumping on the Gold and Silver "band wagon."

Shorter Term Gold Chart w/ Buy Signal

The Silver Bulls should be feeling good. Silver ready for another run.

Silver Chart w/ Buy Signal

A lot of people made the mistake of being extremely bullish as metals broke out. Buy only on corrections..

Gold ETFs and Silver attractive.

Long dated options a possibility.

This rally will be one in which to sell Gold mutual funds. They are late and in the same stocks.

Shift to physical metal and ETFs.

We will obviously talk more in next weeks newsletter.

Gold is on the way to over $1,200, and you should be participating!

Back to homepage

Leave a comment

Leave a comment