Gold makes another new closing high in US$, and much higher prices are coming.
Gold is surging in all major currencies.
Silver is breaking out, and palladium is readying to rocket higher
Key Points
Gold
- Another new high
- Strong in all currencies
Gold Stocks
- More catch-up rally
- Another few percent before pause
- But heading much higher
Silver
- Breaking out
Palladium
- Ready to rocket higher
- Strong on all time frames
Nickel
- Downtrend broken
Gold
Volatility is returning after a very quiet period.
This is a very powerful move after the 4-year consolidation in the box.
The parabolic moves are very clear in gold in most currencies.
This is a vertical move.
In clear air to head higher.
Big break out here against rallying bond prices.
Silver
Silver is looking good here now.
And the big picture is for a very strong move out of this parabolic pattern.
XAU has moved nicely out of that wedge.
The first stop will be 117 with a breather and then to 130.
It will go much higher, but let's wait and see.
ASX Gold Stocks
Rally to 7700 underway, then much higher.
Bonds
- Yields still heading lower
- Gapped lower
Palladium
Good on every time frame.
Nickel
Breaking out.
Head the markets, not the commentators.
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