AGE Gold Commentary

AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.

7/17/2024: Gold poised for new breakout!

Greetings!

In this brief edition of AGE Gold Commentary, I explain why a window of opportunity exists in the market right now, one that will likely close by mid-late September.

Falling inflation, GDP, employment, and retail sales all point to rate cuts from the Fed by September. They have the potential to put gold and silver into overdrive, like they did in 2007 and 2019.

Will gold gain another 15% in 2024, like it did in 2019 after the Fed lowered rates? Or is today more like 2007, when gold surged 50%? Is silver set up to deliver even bigger gains? I'll dig into these important questions and more. ? Is silver set up to deliver even bigger gains? I'll dig into these important questions and more.

And of course, we'll look at the latest charts to understand the new support and resistance levels for gold and silver as the market enters this extremely bullish new phase.

So please join me as I examine the circumstances of previous rate-cut cycles and how they affected precious metals both before and after the cuts were announced.

You can also view this video on the AGE YouTube channel, which includes a transcript.

Sincerely,

Dana Samuelson
President