Overseas trading has seen gold futures retreat over $130 as the US dollar strengthens on today’s big announcement of a trade deal between the US and China. Here is the big picture, which is what you should always focus on when there is serious volatility.
GOLD: Remain Focused On The Big Picture During Volatility
May 12 (King World News) – Graddhy out of Sweden: Said it back in 2002 at blue breakout, plus back in early 2024 at blue breakout: For Heaven’s sake, do not miss this historical bull market.
KING WORLD NEWS NOTE: Early Stages 3rd Leg Of The Gold Bull Market
Ignore Volatility
Graddhy out of Sweden: Been saying since gold broke out 15 months ago that it will have a historical lockout move, i.e. not backtest the breakout at $2000. And it has not, which have locked many out of the move.
Also said for 15 months think it will go to $3300 in this move. It even got to $3500.
KING WORLD NEWS NOTE: Gold Consolidating After Historic Surge
Realize that your future life depends upon making the most out of this precious metals bull market. And, this conclusion gives that it is absolutely vital to get the best guidance.
A Chance To Hit It Out Of The Park
Graddhy out of Sweden: Seeing many arguing that precious metal miners are no good just because they for periods are lagging the metals. That is not very useful info, and repeating that endlessly shows one does not understand the miners, or big picture charting.
Fortunes will be made.
KING WORLD NEWS NOTE: Fortunes Will Be Made!
Just like with the metals, playing miners is all about timing.
Many are also worried about that miners are not outperforming metals big yet. But, it is not unusual for metals to take the lead up from big lows. And when the wall of worry really lets go, we will see 8-10% up days for GDX and 10-15% up days for SILJ.
The miners bull will evolve in stages. The third stage for miners up from 2022 lows started 4 months ago.
When the ratio highlighted in the chart above moves up, fortunes WILL be made.
VOLATILITY: What Should I Do?
King World News note: Today we are seeing significant volatility in the gold market. Ignore it, and continue accumulating high-quality mining stocks while they remain tremendously undervalued. Also, use any weakness to continue accumulating physical silver while the Gold/Silver ratio is at 100/1. That ratio is unsustainable, and silver is the cheapest hard asset on the planet.
JUST RELEASED: Price Predictions For Gold, Silver And Much More!
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