Called $XAU bullish on Nov 7, 2024: $XAU rose 96% in 15 months.
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Sharing information on gold/silver miners and everything that impacts them. #gold #silver Visit my website at https://t.co/bwekNZIHrQ
Cite asCryptoQuant has tracked the directional calls on QQQ by @DonDurrett on X since Sep 2022: not yet scored on QQQ (as of Nov 11, 2026).
6 QQQ calls on record, a thin history.
Relative view by default: fewer than 30 QQQ calls or days on record.
Sentiment timeline shows relative sentiment within this analyst's history. A perma-bull showing 8 bullish : 2 bearish in a bear market sets that as their baseline. If you notice any errors, claim @DonDurrett to submit corrections.
Called $XAU bullish on Nov 7, 2024: $XAU rose 96% in 15 months.
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Friday Recap Current (Last Week) -- (% from ATH | ATH) AU: $3,874 ($3,991) -- 31% from ATH ($5,608) AG: $49 ($53) -- 59% from ATH ($121) HUI: 649 (674) -- 34% from ATH (986) DXY: 101 (101) S&P 500: 7,534 (7,623) -- 4% from ATH (7844) Today was the last trading day of October. I was hoping $4,000 gold and $50 silver would hold for month-end. It was not to be. Both gold and silver got smashed today. I have been telling you to expect $3,750 to $3,950, and here we are. I’ve also said that I don’t expect to see $3,500. But I’m guessing, like everyone else. We could go lower than I expect. I’ve also said the key for gold to reach my target of $7,000 to $8,000 (in 2 or 3 years) is for gold to outperform the stock market over an extended period. This outperformance will come from my expected fear trade. The fear trade will push investors out of the S&P 500 and into gold and silver. This happened from 2001 to 2011, and I expect history to rhyme. I would like gold to reach $5,000 sometime in January, thereby igniting Leg 2 of this gold/silver/miner bull market. Today’s close at $3,874 makes that more difficult, but not impossible. The good news is that the AI trade appears to be fading, with the NASDAQ down 3.7% today. The AI trade has become the stock market. If it can’t hold these levels, we will soon test the 200 DMA (around 7300). Midterm fallout could easily pull this market down below 7300. Stay tuned. All of the miners are on sale. That is very evident. If you are waiting to buy the dip, you can do it here or wait for $3,750. I think buying now, then at $3,750, and finally at $3,500 is the right bet. If we even reach $3,500 (not my expectation), the chance of going much below that level is very low. We are very close to the load-the-boat level. Some of you are probably wondering about the silver floor. I’m hoping that silver bounces back above $50 on Monday and stays there all week. If silver doesn’t rebound to $50 next week, then we could easily see $47 or $45. Ouch. Silver has strong support at $50. Gold has strong support at $3400 to $3500.
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