The dominant gold-stock benchmark is nearing a dozen-year secular breakout, with GDX just single-digit-percentage gains away. Gold stocks are nearing that psychological tipping point of self-feeding buying.
You still have the pattern of higher lows and higher highs at work. The question is, can the market accelerate and make the run now to the $3000 level or not?
Ukraine peace talks and related developments will impact the trend of precious metals and base metals. Momentum and sentiment are bullish for gold and silver.
The price of gold also moved higher this past week, set for its seventh weekly gain, amid uncertainty around trade and the global economy following President Trump’s reciprocal tariffs.
