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Strategies & Market Trends : Natural Resource Stocks

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From: Hugh Bett	9/2/2025 9:16:41 PM
	3 Recommendations Recommended By isopatch roguedolphin whistler3000 Read Replies (1) of 108549

Gold's new All-Time High, near full breakout. Over the weekend, I had thought Gold was ready to break out of its 5-month trading range thinking this coming Friday's employment numbers would do it. Well, on the way to the forum, the Chinese beat us to it. Technical traders around the world had to been seeing what I did and decided now was the time to attack the Bears. During the last two months, Gold had been oscillating between the low $3300's to $3420 in lifeless trade. It had recoupled its inverted relationship with Gold where $Buck up, Gold down and vice versa. Particularly last night, China blasted Gold to just below its ATH, spot basis despite the fact the US dollar rallied strongly. We have seen this movie before from December to April when Gold launched from $2600 to $3500. If our Asian friends are back in action, we could see Gold over $3700 in just a couple of months. Since mining equities are now showing signs of leverage to the price of Gold (up 2.2% vs. Gold 1.6%, when the broad markets are down), precious metal mining companies should do very well on a journey to $3700 (and Silver to $45?). Credit tobinator00

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