The precious metals market continues to reflect ongoing economic uncertainties, including persistent inflation, Federal Reserve policy decisions, and global trade tensions.
I'm a little surprised at the strength the precious metals have been showing. This is mostly because I have been programmed to wait for the big dips. I posted this chart in @Leothreads on Friday because I'm starting to get excited about the bull run in the miners. The GDX (VanEck Gold Miners ETF) is on fire!
https://www.tradingview.com/chart/?symbol=AMEX%3AGDX
The spot price of gold stands at approximately $3,690.71 per troy ounce this morning.
This represents a slight pullback from the all-time high of $3,696.09 reached on September 16. Over the past month, gold has gained 10.15%, and year-to-date, it is up 40.55%. We will most likely have a pullback at some point, but I feel this could hit near $4000 per ounce by year's end. (so bullish)
Silver Spot Price is holding at $43.08 per troy ounce, following a 3.01% increase on September 19th.
The Silver charts are looking pretty amazing. There are more rumors of a squeeze coming from social media.
What are your thoughts on where we go from here?
Will the metals rule the day or fizzle out?
I almost forgot about the Platinum charts; the move here is also worth a look.
I guess we will see what the next trading week brings. I'm not gonna lie, I can't wait for the futures markets to open this evening to see what the trend will be.
Thank you for reading my blog and have a great day!
Posted Using INLEO
I figure Silver and Gold are still on sale…
It is starting to get a little late for the new stackers though, we tried to let them know a long time ago. 💯
I recently ordered another 1,000 Coin Box of $1 Coins at my Bank…. I should get them in a few more days… I figure, One Box will get me 10 one ounce $100 Gold Coins or 100 one ounce $10 Silver Coins on the other side of the Reset… It will also get me $1,000 in Silver Certificates or $1,000 in Electronic Gold…
That's a good idea, I need to get rid of some more paper fiat.
Even if I was totally wrong, I still think our Common Coinage will still be in use, long after the Fiat USD’s are long forgotten…
I agree, it has to go that way!
Incoming Precious Metals mania incoming!
!BBH
Who could have seen this happening? 😁
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