Constantly on my screen in front of me, I have the weekly chart of gold and silver. The daily chart tends to create anxiety as the moves appear large relative to the previous day’s move. The monthly chart is great for longer term trades but does not really give sufficient information on a daily basis.
In my opinion, the probability of a major decline in prices of either of the metals at this time is minimal, considering the current state of affairs, both economically and militarily.
Continued consolidation of gold and a possible consolidation of silver at these levels is not out of the question.
This morning we have a push higher. If the price can close tomorrow above $3,360.00 we have a good chance of a push higher going forward.
My fear, as always, is to go to sleep on Friday night, have a major event or reshuffle over the weekend and have prices vastly higher on Monday morning. The way I deal with this is incremental purchases or dollar cost averaging.
Having a look at the charts referred to above, I see gold consolidating between $3,200.00 and $3,350.00. This has been the case for the previous eight weeks. This is really positive considering the run from $2,600.00 to $3,500.00 in the previous 20 weeks.
I like that it has not closed below $3,200.00 and has attempted to penetrate $3,359 on three occasions, unsuccessfully.
Should it successfully penetrate $3,359.00 and stay above that level, we have the beginnings of the next run to $3,869.00 and subsequently $4,000.00. If it fails, we could see $2,870.00.
The silver weekly chart was extremely exciting last week as the price easily broke through the long awaited $35.00 mark, then powered on to touch $36.32.
This week the movement has been much less spectacular with the price going up to $36.88 and then pulling back to lower levels at $36.17 as I write. If the price can hold above $35.00 on a pull back then $37.62 would be the next target with $40.00 as a possibility.
Which metal is better to hold at this time? It depends on what one’s objective is.
For longer term compact wealth preservation, I feel that gold is a better option. For better profit potential and a more easily tradeable asset I feel that silver works better. A mix would serve both purposes as a reasonable strategy.
PLATINUM
Buy: (15 April 2025). Currently a hold. Platinum is looking overbought, but we do not have a sell signal yet. Our system gave us a buy at $977.00 it is trading now at $1217.00. A great run.
URANIUM
Buy: (09 April 2025) URA Looking toppy. No sell yet. Looking overbought. I think we may get a sell signal today or tomorrow.
BITCOIN AND GOLD
BUY bitcoin versus gold (10 June 2025). Bitcoin outperforms gold.
ETHUSD: Hold: 27 May 2025.
BTCUSD: SELL: 19 May 2025. NASDAQ (Cyan). There are buy indications but not sufficient to reverse position yet.
GOLD AND SILVER STOCKS
Gold outperforming gold stocks (10 June 2025).
Silver stocks outperform silver (22 May 2025).
GOLD AND SILVER
Silver to Gold Ratio
Silver outperforming Gold. (Signal given 22 April 2025) When we think that silver is coming out of the ground at about 8:1 and the Gold:Silver ratio is 92.44, something is way out of kilter.Silver is an astounding buy at this time or gold is in for an extremely heavy correction.
GOLD TO USD
Gold outperforms USD, (28 May 2025). Gold turning up against USD.
A LOOK AT THE GOLD AND SILVER CHARTS
| Today | Last Week | |
|---|---|---|
| Gold Price | $3,392.00 | $3,351.00 |
| Silver Price | $36.25 | $35.50 |
| Gold:Silver ratio | 93.56:1 | 94.58:1 |
| Gold Miners bullish percent index | 96.43 | 96.43 |
| Dollar Index | 97.84 | 98.78 |
| Dow:Gold Ratio (BahaUS 42,687.00 Gold price, $3,396.00) | 12.57 | 12.69 |
| Current USA inflation rate (Dept. of Statistics) | 2.3% | 2.4% |
Gold’s low of the week was $3,293.00 and the high was $3,403.00, now trading at around $3,398.00.
- Gold Monthly: is a hold. We bought in at $1,800.00 in October 2023. Funds flows into the metal are substantial. No sell signal yet.
- Gold Weekly: (SELL 12 May 2025) The sell indicators are very early, but I see no signs of recovery at this point. The chart may look different tomorrow, no change of signal yet.
- Gold Daily: (SELL 23 April 2025). In view of the spike high not being exceeded, the sell signal remains in place. The candles have turned up, but no buy yet. The price has increased, but is looking overbought. I would wait for better confirmation. Today’s push may trigger a buy tomorrow. (Chart below)
Just for interest sake, here is a five year chart of gold.
The low for Silver this week was $35.45 and the high $36.88 trading around $36.15 at present.
- Silver Monthly: Hold. (Buy: $24.00 March 2024). Looking positive. (Chart below).
- Silver Weekly: (BUY 14 April 2025). Nice push higher, looking slightly overbought.
- Silver Daily: BUY (21 May 2025). Very early signal. Great price increase subsequent to signal. (Chart below).
Our partner has stock of both gold, silver and Goldbacks in our vaults available in Panama. Please contact us for more information.
A video by Mike Adams on the Goldbacks.
Well worth a look!
On the Stockcharts.com charts, the blue vertical lines are our proprietary system buy signals and the red vertical lines are system sell signals – for information purposes only
An interview with Josh, owner of Scottsdale Mint:
Please contact us to arrange the purchase and storage of your gold and silver requirements in a safe, insured location outside of your jurisdiction.
If you are interested in an overview of Fort Kobbe, you may want to have a look at this video: Mike Brown, Director, Fort Kobbe, International Vaults, A DotCom Magazine Exclusive Interview
This is my interpretation of the market and is not to be taken as financial advice. Before making any buy or sell decisions I recommend that you consult with your professional financial advisor.
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