hi @daveironoreyes dave a good question at this juncture with...

hi @daveironore

yes dave a good question at this juncture with gold
a lot could say here but limit it to the last week where recent spike in silver caught my eye
silver often lags gold and is often a signal of a potential pull back in gold which has happened over last week or so

have a look at the gold and silver charts from 1980 and see if you spot the sequence. gold spikes then silver spikes which is often a sign of a pullback

but i will be disappointed if silver does not at least hit $50 before it fails

so cautious here but remaining hopeful almost expectant of more in it

also can overlay gold with spx. inverse relationship
no surprise spx tagging 6000 high and gold pulling back last week

gold green today and would not be surprised to see gold and copper pick up depending on US Fed decision on rates next week

the biggest overlay with gold for me over the last 3 years is always the dxy. the dxy is failing here and below $1. gold pulled back last week when dxy tried to rise back above $1. dxy failed and now gold green again. the relationship is clear. rates yet to finish their run down so should support gold throughout this year

but as you know the money is in the movement up
adt from 80c. adt at $5 is a different beast in terms of risk to reward
rms at 3.9c was a dream come true but is it a safe buy at $3? or just a hold? personal choice

care needed here if entering new trades
but will be surprised if we do not see $3500 level in gold taken out before run over. just suggest waiting for it
cmm had a frenzy at $10 level before it fell back
rrl same at double top

there is still good money to be made on them. it is always hard to second guess each run
a lot easier to pick a long suffering and over sold stock when it first breaks up from the long term lows and let it have its head

i checked my stocks for volume on the weekend. surprisingly the only decent volume was in bhp last week. sure enough green this week in bhp

goldies saw green today and i expect run not over yet
next week us fed may or may not lower rates. next week doesn't really matter because they clearly will over this year

i think the real issue is what happens in 6 to 12 months when rates have finished this cycle of being lowered

tell me did you buy the one stock i tagged for you on eve of the hammer of 7 april - chn at 80c. now $1.45 and almost 100% gain
i said palladium expected to recover by 30% this year. already happened and now at $1000 plus and chn has run up past level 1 resistance at $1.10 and now at level 2 at $1.40 plus. will it recover to next level of $2 on this run? doesn't really matter. a bit like rms at 4c, whc when it broke 60c, boe, cmm etc etc . just buy the dips and enjoy the good times
once i realise my limitations. i cant pick each run but i can recognise value and when the market is ready to rerate
gold uptrend remains in place here but needs to get through 3500 level
at this stage i have kept my nst alk and vau from the lows. nst prints money. alk to rerate internally. vau hedges to end and rerate

but i still love cmm rms rrl and all the others we have traded
brilliant aisc and cash keeps growing so i do intend to rebuy

anyway i do miss our discussions but i am not going back to the thread. life is too short my friend