In today’s briefing:
- Continue to Ride the Trend Higher; Buying Gold, Silver, Miners $GDX $GDXJ $GLD $SLV
Continue to Ride the Trend Higher; Buying Gold, Silver, Miners $GDX $GDXJ $GLD $SLV
- Discussed risk/reward favored buyers in late-October as supports were being tested (October 24 and 31), then we outlined on 11/7/23 our belief that a significant year-end rally was likely underway.
- New market-generated information has continued to be risk-on, which has only reinforced our bullish outlook on the broad equity market. We continue to expect a rally into year-end and beyond
- Gold and silver are bullishly inflecting, and we are buying GLD, SLV, and the miners (GDX, GDXJ)
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