I know I said I wasn’t going to post every time Gold makes a new All Time High, but today I just can’t help it. Silver is on the charge in a big way too so it really is a good day for Stackers of the shiny stuff to be celebrating. This is my little indulgence post for the day for all those patient stackers and especially the Silver HODLers who are finally getting a good pump after a LOT of sideways price action.
Image Generated by AI
I have to credit Zero Hedge for the Goldgasm reference. They gave me a good laugh this morning and the cheeky term seems to have captured the mood of the market nicely. I gave the AI a shot at producing a nice picture and...yeh, it might be a bit sexy. Sorry, not sorry. It fits.
So why are Gold and Silver going on this awesome run? Well I put it down to three Tailwinds that seem to be feeding into the current market momentum. :-
The US just had an unexpectedly Hot Inflation Report and Precious Metals are historically THE BEST hedge against inflation. Buy!
Geopolitical Risk is also very high this week with Iran apparently preparing a significant retaliatory strike on Israel with the US likely to get involved in a broader conflict. Precious Metals are also an excellent hedge against War. Buy!
Both the Gold and Silver charts are giving strong Technical Indicators that they are going higher. I’ve written about both recently and they are definitely following through on their recent Breakouts. Buy!
All up it makes this a great time to be holding Gold and Silver even if everything else is going to shit. It feels like we are progressing through the End Game faster and faster every day now as the old order continues to unravel.