Gold is Nearing a Sharp Rise Upwards in February/March
Highlights
- GDXJ to 50.00 or higher by March
- Yields to make new record lows in 2020
- DXY to rise slightly in Q1 to early Q2 of 2020 and fall sharply mid to late year
- Gold to hit 1700+ in March; Silver to hit 21.50+ in March
- Gold to reach 1900+ by year-end; Silver to hit 24+ by year-end
- Gold stocks to outperform every sector in the equity market when averaged over 2019-2023 when the time comes
As I have been touting for quite some time, Gold finished its major correction back in November and has increasingly been gaining considerable momentum since early November. Only up until recently has Gold entered the next phase in its run. Since early January we have formed slight upside but mainly consolidation; this will end shortly and the next leg higher will show face.
Gold will run to 1700 or higher by March or sometime in March as I have held consistent on for over a month. With an overbought equity market and concern over the coronavirus, this may cause a sharp rise in Gold, Silver and Platinum that I have been referring to. This may also bring the much needed "rest" for Palladium and bring about a 5% correction depend on earnings and monetary policy in the coming weeks.
Now is the time to buy Gold and Silver.
- zSplit
- GDXJ to 50.00 or higher by March
- Yields to make new record lows in 2020
- DXY to rise slightly in Q1 to early Q2 of 2020 and fall sharply mid to late year
- Gold to hit 1700+ in March; Silver to hit 21.50+ in March
- Gold to reach 1900+ by year-end; Silver to hit 24+ by year-end
- Gold stocks to outperform every sector in the equity market when averaged over 2019-2023 when the time comes
As I have been touting for quite some time, Gold finished its major correction back in November and has increasingly been gaining considerable momentum since early November. Only up until recently has Gold entered the next phase in its run. Since early January we have formed slight upside but mainly consolidation; this will end shortly and the next leg higher will show face.
Gold will run to 1700 or higher by March or sometime in March as I have held consistent on for over a month. With an overbought equity market and concern over the coronavirus, this may cause a sharp rise in Gold, Silver and Platinum that I have been referring to. This may also bring the much needed "rest" for Palladium and bring about a 5% correction depend on earnings and monetary policy in the coming weeks.
Now is the time to buy Gold and Silver.
- zSplit
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