Gold and Silver prices crossed 2800 and Miners are marching higher. Where do you want to be invested right now? Look for breakout in the Weekly timeframes in NEM and WPM for example..first we have the majors and then the juniors at a later stage. If you have not done your research on Miners it is a good idea to do that now!
Wednesday, February 5, 2025
Friday, January 31, 2025
Goldstocks in syncrony during New Moon phase!
Thursday was a good day for goldstocks! They rose in synchrony. MAG 7 is having some problems related to current situation in the world.
During the night XGD.AX rose towards the ATH, up + 2.67%.
For Miners this is a confirmation of the breakout of 24.january. Uranium spot price fell this week, down 8.67%.
Expecting a contiued rise for the miners since this breakout is built on a consolidation sideways pattern within a wedge. We also have a rising Goldprice that has not been visible in the dollar price but in a majority of the other currencies. This break above 2800 is significant because it breaks a horizontal line of resistance. The Lunar phase is important when it comes to trading as well, don´t under estimate the power of the Moon.
All of this and more will be followed in the weekend update! TSC Premium is available with a subscription.
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