Waiting for the futures market to open is like waiting for that first bite of a juicy cheeseburger.
The charts for gold, silver, and the miners have been so strong that it appears we will continue to rise much higher. The only headwinds that I see are if we get our fiscal house in order and stop printing money. In my opinion, that will not happen with the current leaders we have. So if I'm still correct about my views, Gold and silver keep going higher, and our system resets somehow.
I will be watching the tether gold spot crypto for early signs of a direction tonight.
There are plenty of reasons why we will have volatility in the markets this week.
We have job reports and Fed speakers. Some earnings reports should make a splash.
Let's not mention the government shutdown in a few days.
Why should we when the mainstream media won't? If that happens, watch for a downgrade on our debt. You can't make this stuff up; they must be screwing up on purpose. No way all these scholars can't fix a budget and save the dollar.
I expect the miners need to be re-priced a lot higher soon, they are starting to print some major cash, and there are rumors of mergers and buy-outs in the air, as with any good bull market, we would expect. We might see some FOMO and greed start to kick in when the masses start to figure out that their FIAT money is losing its purchasing power.
The 5-year chart on the GDX is a sight to behold!
Folks, the train has left the station and turned into a rocket ship!
See you at the futures open and fingers crossed for the world!
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!
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Say, what would be your top miner picks? Besides the GDX ETF?
I have some cash instruments maturing and looking around the miners seniors and juniors.
Most of my miners are in a Fidelity mutual gold fund, I'm not the greatest single stock picker. 🤣 But I do hold ffmgf(gold play), slvrf(silver play) Both Canadian company's. Small market caps and are starting to move after years of being dormant. KNTNF has 20x since I got it so I'm not sure how much more upside it has, but they are doubling their exploration and have lots of cash on the balance sheet.
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