Today gold and silver hit record highs, but could the price of gold be set up for yet another upside explosion?
Gold
January 12 (King World News) – Graddhy out of Sweden: A large bull market impulse move always holds several smaller consolidation patterns.
Gold is now trying to break out above the present consolidation pattern, a rising wedge. Most rising wedges are bearish, but a rare few are bullish, and then they are often very bullish.
KING WORLD NEWS NOTE: A Bullish Rising Wedge Is Rare, But Explosive To The Upside When You Get Them
Gold & Silver Push To Fresh Record Highs
Ole Hansen, Head of Commodity Strategy at SaxoBank: Gold and silver pushed to fresh record highs in early Monday trading after Trump and his administration intensified their attack on the Federal Reserve by serving it with DOJ subpoenas, fuelling concerns about central bank independence, inflation and safety of US bonds. Gold approached USD 4,600, and silver spiked to USD 84.50 as tight supply dynamics persist. Safe-haven demand has been underpinned by escalating unrest in Iran, where ongoing protests continue to challenge the regime and stoke geopolitical risk premia.
Oil prices held firm amid the same unrest in Iran, which has raised the prospect of supply disruption from one of OPEC’s larger producers, triggering fresh momentum buying and short covering from wrong-footed short sellers. At the same time, the US oil industry has shown limited appetite to commit to rebuilding Venezuela’s energy sector after its recent political upheaval. Monthly oil reports from OPEC and the IEA later in the week are likely to draw additional attention.
Cocoa tumbled 12% on Friday as front-running longs, positioned for a rebalancing-driven squeeze, were forced to unwind when exporters used the index-related liquidity to sell. It is a timely reminder that there are no free lunches in markets, and that well-telegraphed events often fail to deliver the price impact implied by headline trade flows…
Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.
Welcome To A Wartime Economy
Simon Mikhailovich: Executive-ordered QE, restrictions on dividends & buybacks for the defence contractors, industrial policy directing capital & subsidies to strategic industries, etc.
Welcome to a wartime economy.
Gradually And Then Suddenly
Simon Mikhailovich: Humans are not wired to “feel” exponential dynamic. Most of the damage tends to occur at the end.
This is what “gradually and then suddenly” is all about.
Expect More Supply Chain Disruptions
Simon Mikhailovich: The first Cold War didn’t disrupt global supply chains, financial system or currencies.
This Cold War II will be nothing like Cold War I.
JUST RELEASED!
To listen to Gerald Celente discuss the shocking new trends he predicts will unfold in 2026 including gold and silver CLICK HERE OR ON THE IMAGE BELOW.
JUST RELEASED!
To listen to James Turk discuss the wild trading in the gold, silver and mining share markets and much more CLICK HERE OR ON THE IMAGE BELOW.
ALSO JUST RELEASED!
Gold & Silver Melt-Up Continues, But Look At This Shocker CLICK HERE.
Celente’s Shocking Top Trends Predictions For 2026 CLICK HERE.
Look At Who Just Became One Of The Largest Holders Of Gold In The World CLICK HERE.
NEXT BIG BULL MARKET: Look At Who Just Predicted $369 Oil CLICK HERE.
Is It Possible Silver Will Hit This Jaw-Dropping Price? CLICK HERE.
This Shows Silver Would Have To Skyrocket To $917 To = 1980 Peak CLICK HERE.
Is This About To Send Silver Above $100? Plus China Continues To Increase Its Gold Holdings CLICK HERE.
China’s “Silver Gate,” Gold & War As We Continue Kicking Off 2026 CLICK HERE.
$80 SILVER & $4,500 GOLD: Here’s The Shocker In The Silver Market Today CLICK HERE.
Silver Futures Surge Above $80, Plus This Major Bull Market Is About To Kickoff CLICK HERE.
Michael Oliver – Historic Breakouts Will Now Send Gold & Silver Prices To Levels That Will Shock The World! CLICK HERE.
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