Gold is escaping from the 48-month box.

(Click on image to enlarge)

Expect a sharp move into 2024.

ASX Gold Index close to 7700 Neckline

Small Caps are running again!

 

Gold

• US$2090 tested again
• Should soon have an out-of-the-box experience!

 

Gold Stocks

• XAU breaking out
• Short-term
• Medium-term
• Long-term
• Leaders in lift-off mode
  • Northern Star
  • Newmont
  • Barrick
  • Agnico Eagle
  • Kinross
• Gold stocks surging against gold bullion

 

ASX Gold Stocks

• XGD is ready for 7700 this week
• 9000 by the end of 2023?
• New highs in January?
• Ready to break 16-year downtrend vs. AU$ gold

 

US Bonds

• Big fall in yields again
• Bond prices still to rise another 5% soon

 

US Stocks

• DOW 30 making new highs
• Transports above to follow
• Utilities still dragging
• Real Estate ETF breaks the downtrend
• Russell 2000 Small Caps up 14% in December

 

Copper

• Close to US$4/lb

 

Gold

Historic times.

Gold has tested US$2090 today and is now 'out of the box'! Four years of constriction and suppression, but we are now away. Kitco still doesn't have its full system up again yet, but this one will do nicely for now.

Up US$30 intraday. And just note that Small Caps are finally running: Russell 2000, Biotechs, and small resources stocks.

(Click on image to enlarge)

This pattern really is working out well.

Resistance here about 190 ( ~US$2050) should break through. It should be a US$50-70 jump. Well, we got that US$50-70 jump.

The pattern here is in Wave 3, which should be accelerating from now on.

(Click on image to enlarge)

Gold is jumping out of the box after four long years.

(Click on image to enlarge)

 

Gold Stocks

That H&S was completed.

Now, it is consolidating at the neckline ~129 before heading much higher. This index is in Wave 3 as well, BIG Wave 3.

(Click on image to enlarge)

A nice pennant continuation pattern has developed here.

Part of the slingshot move is underway.

(Click on image to enlarge)

 

ASX Gold Stocks

Not long before, the Neckline and previous highs at 7700 tested.

Just 2.5% to go!

Then quickly to 9888 and new highs.

(Click on image to enlarge)

The long-term downtrend of XGD vs. Au$ gold is being broken.

(Click on image to enlarge)

 

Gold Stocks For You

NST – perennial – from many Christmases ago

RRL - Big rerating coming will at least double in 2024

CHN – Palladium and Nickel bottoming - massive short covering to come here – make the shorts squeal! (a precious metal stock, really!)

NVA - 10moz now (AU$6/oz) and 20moz in the next few years - already up 70% from its recent cycle low

SXG – The next DEG - >5moz coming here – stock up 245% from recent lows

TOK – 0.5moz @ 10g/t on its way to >2moz and resumed gold production

SNG - 1.3moz on its way to 3moz and more (just AU$6/oz)

ICL - Another tiny gold explorer that just might deliver something very special

TRM – Even tinier explorer looking for several million oz deposits @ 15-30g/t

LGM - NSW Epithermal gold explorer just might hit the jackpot in 2024

 

Copper

Close to US$4/lb.

(Click on image to enlarge)

 

US Stocks

Heading higher.

(Click on image to enlarge)

Get ready here.

(Click on image to enlarge)

Still waiting for this.

(Click on image to enlarge)

 

Small Caps

But no need to wait here.

Going ballistic!

Up 14% this month.

(Click on image to enlarge)

Head the markets, not the commentators.

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