Loading ...Wow I’m glad I picked up a little more silver this last weekend and half oz of gold before waiting for a pull back. Silver even more bullish this morning. I wonder if the Fed is going to actually do a 50 pt instead of 25 nothing burger.
MetalsGuy – yes
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I don’t know if it’s just a problem with my computer, but is anyone else having trouble with Maddog’s charts that are too wide for the page, getting buried by the sidebar? Thanks.
Nem the favourite Algo short….a sleeping giant…
the 80 area , where we are is huge resistance, or shud be, going all the way back to the 1980 Hi…Once it goes NEM is free
Then look at Nem relative to Gold note the double bottom
then the Hui/Nem ratio…Nem is still miles below the 2022 Hi, let alone the 2001 one
here is NEM?XAU…note the perfect 10 year double bottom we are moving off.
And just how low the PM shares are relative to Gold
It took the ratio 10 years to bottom and then around another 10 to base , so any rally may be similar……but if the Adens are right and the metals peak in 2026/7, that means the shares have to stay either relatively stronger or actually…but if ‘they’ want Gold up to reduce debt , they need the mkt to stay up, not drop like all previous bull mkts do, which means the the shares will continue to earn vast amounts …hence an even longer bull run in the ratio, say another 8/10 yrs or more.
Morning Buygold
Re ripe for a correction.
web are approaching that top line on the spread Hui/Gold…and as u say already well stretched…that could well trigger a reaction and cause the mkt to hesitate, to build the power to break out.
That said the Adens are saying we are in the parabolic phase of the bull, that shud run until 26/27…and that buying here is ok ….they are saying $10,000 is quite feasible, with silver way out performing Gold, and the shares way out perform Silver….
They even quote a friend , another analyst who has said $ 25000, would represent 17 % of the debt…..a nice reduction in the Debt risk. This is the first time they have mentioned the idea of useing Gold to reduce debt risk, so u can bet that talk is now going round the Gold World……Although they have constantly quoted how CB’s are the main buyers driving prices, due to their size….
this chart shows both the Monthly range top line and the close….which has just broken but the month has yet to end !!!!!
