Is it really a bullish era?
Major weekly gold price charts. The rally above $2,100 was driven by aggressive buying from global central banks and the Chinese public, as well as commercial traders working on the COMEX and LBMA.
of “Ride on a rocket” to $2,265, with $2,150 defined as a new buy zone for investors.
Ray Dalio is a man of great insight and common sense.
Flashy headings like “.We will suppress China with tariffs! ” and “Taiwan values freedom and is ready for war! ” These feel-good mantras can convince delinquent fiat and debt-minded Americans that there is no era of golden bulls;
The hard truth is that in the era of the golden bull,imperial statusof the Chinese and Indian governments. It is primarily about the economic upsurge of the average gold-minded citizen of China and India.
For Western gold bugs, modest exposure to the undervalued Chinese stock market is a consideration, but most bugs focus on gold and mining stocks rather than global stock markets.
Over the next few years, the gold bugs will prove wise in their bold decisions as gold stocks dramatically outperform gold (and everything else).
The good news is that Chinese people buy gold out of fear when the stock market falls (as they have in recent years), and buy even more gold when stock prices rise. It looks like they're ready to do that any minute now.
There is a huge underlying pattern on the weekly chart (China's equivalent of the American Dow). A test of the $20 low is possible (gold returns to $2,150), but a break above $25 is likely to end the bearish trend and start a new bull market.
It's a great place not only for investors in the Chinese stock market, but also for enthusiasts of Western mining stocks.
Many investors in the West have mistakenly spent their investing careers trying to acquire more fiat currency rather than more gold. This graph shows their stupidity in amazing detail.
As the U.S. fiat-to-gold collapse intensifies over the next decade, millions of Americans will realize the gravity of their mistake and turn to gold.
To acquire more gold, investors must first acquire more fiat currency. There are many tools that can do this or show you one of them.
As the golden bull era intensifies, large amounts of capital will be required, and copper stocks may be held for the long term. Additionally, it also serves as a medium-term tool to acquire more fiat currency to purchase more gold.
Oil stock ETF chart. A massive bull triangle breakout is underway. As with copper stocks, there are opportunities for both long-term investors and those simply looking for short-term gains that can be converted into more gold.
The key round number of $100 sits just above the current XLE price range, and for oil itself, the previous high of $93 could put a short-term cap on oil investment fun. There is.
Summer driving season (and the time when wars can start or escalate) is just around the corner. Given the size of the bull triangle, any pullback should be modest and serve as a great buying opportunity.
What about gold stocks? Well, words alone can hardly describe the awesomeness of the current action. Opera music may require maximum chart evaluation.
vs gold chart. This is clearly one of the greatest fundamental patterns in the history of the market. Notice the amazing stochastic buy signal, probably at the right shoulder.
Most of the emails I currently receive areEmails of interest”. Investors in gold stocks have been spooked by the bull run and are worried it may be over. Their emotions are one reason why the rally will not end and is likely to intensify further.
Note that BPGDM has peaked in the 50 zone in the past, but that usually only happens when the stochastic oscillators on my 14, 5, and 5 week charts become overbought. There are great buy signals out there right now.
It's normal for there to be a pause after a barnburner rally like this one, but Miner is just in the fundamental zone where he should have a truly dramatic performance against everything for several years.
