Showing posts with label Gold stocks ready to move. Show all posts
Showing posts with label Gold stocks ready to move. Show all posts

Saturday, 23 March 2024

Gold stocks ready to move

The FED at the March 2024 FOMC suggested that this rate hiking cycle has peaked.
image1


Chart 1 - Interest rates may have peaked for this cycle. This is important as precious metals need to know higher rates are over and are likely on the way down. 


TNX



Chart 2 - HUI to GOLD ratio. Shows extreme undervaluation of gold stocks to the gold metal. Confirmed by the current cycle low. 


HUI





Chart 3 - Japanese Yen suggests a weaker US dollar is expected in the months ahead. 


FXY



 Chart 4 - The long term Dow daily cycle looks ready to extend. Gold stocks require the wider stock market to rise at the same time. 


DOW





Chart 5 - Junior gold stocks Richard Wyckoff bottom accumulation looks fantastic and ready to explode higher.


GDXJ



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