EC Gold, Crypto, And Stock Market Key Tactics Now

I see green shoots for gold!

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daily gold chart

There’s now a double bottom pattern in play.

A breakout above the neckline at $1966 would likely see gold surge to $2089… and higher.

The sentiment of gold investors with weak hands is at “gulag” levels, but nothing has changed fundamentally.

In America, the fear trade dominates gold. The government continues to pile up debt and inflation looks ready to rear its ugly head.

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In India, the love trade dominates. There, the nation is winning the war against the Coronavirus, and the economy is recovering fast.

The recent gold import duty cut and the strengthening economy has India’s “titans of ton” in a very positive frame of mind, and now gold demand is rising fast.

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weekly gold chart

There are some great green shoots appearing on the daily chart, but to turn this rally into something really big, my weekly chart 14,5,5 Stochastics oscillator and 5,15 moving averages need to flash crossover buy signals… and do it as gold bounces from the $1767 support zone.

That could happen by Friday of this week.

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lively silver chart

Silver will likely be the leader of the next precious metals market rally.

A move above $31 for silver that occurs alongside buy signals on the weekly gold chart would be very positive.

For investors who find summers too hot and winters too cold, silver could be the ideal investment. It has less sizzle than bitcoin, but more than gold. 

What about investors who like hot summers… and red hot investments? Well...

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In the private money asset class, crypto is the hottest of the hot! 

Whether it is real estate, the stock market, fixed income, metals, or crypto, people need to prepare ahead of time… for scenarios that seem unlikely.

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