Mark Newton CMT

The air's a bit thin for #GOLD heading into Dhanteras this year, w/ monthly RSI levels at nearly 93, the highest since the 70's. While this doesn't equate to needing to fight this trend, the risk/reward isn't favorable for new positions here @IBDinvestors @marketsurge Monthly $GLD charts show the power of exceeding the neckline of a Decade-long Cup and Handle pattern roughly 19 months ago. Keep a close eye on this trend over the next 2 weeks As i've told clients all year, Silver remains preferable to Gold, but at this point, using trailing stops and keeping stops tight makes sense into late October. $GC_F

The air's a bit thin for #GOLD heading into Dhanteras this year, w/ monthly RSI levels at nearly 93, the highest since the 70's. While this doesn't equate to needing to fight this trend, the risk/reward isn't favorable for new positions here @IBDinvestors @marketsurge Monthly $GLD charts show the power of exceeding the neckline of a Decade-long Cup and Handle pattern roughly 19 months ago. Keep a close eye on this trend over the next 2 weeks As i've told clients all year, Silver remains preferable to Gold, but at this point, using trailing stops and keeping stops tight makes sense into late October. $GC_F

#Gold spiked last night to new all-time highs above 3500 after having made a new all-time high last Friday.  Silver futures had briefly surpassed $41.50 last night and the fact that ISM data has allowed the minor pullback in bond yields from this morning's highs to continue, we're seeing some stabilization to the early morning pullback after the move back to new highs.  Overall, both Gold and Silver remain technically attractive.. Combination of FOMC fiscal and political risk with Fed leaning Dovish and US Dollar looking increasingly vulnerable all are converging to push precious metals higher. I'll discuss my favorite vehicles to play this move for those not yet involved, & targets on both $GLD and $SLV

#Gold spiked last night to new all-time highs above 3500 after having made a new all-time high last Friday.  Silver futures had briefly surpassed $41.50 last night and the fact that ISM data has allowed the minor pullback in bond yields from this morning's highs to continue, we're seeing some stabilization to the early morning pullback after the move back to new highs.  Overall, both Gold and Silver remain technically attractive.. Combination of FOMC fiscal and political risk with Fed leaning Dovish and US Dollar looking increasingly vulnerable all are converging to push precious metals higher. I'll discuss my favorite vehicles to play this move for those not yet involved, & targets on both $GLD and $SLV

Minor stallout in many of these surging Gold Miners like $HMY which remain on the @IBDinvestors #IBD50 list & have now become much more actionable after recent ST weakness as part of powerful uptrends. Area near 18.75-19 hasn't been hit since 2006 & remains formidable but should be tested again over the next few mths as #Gold stabilizes & turns back to new highs. Note that Yields rolling over sharply will prove quite bullish for the Metals, & its early to give up on these Miners @Marketsurge #IBDPartner

"Metal Health will drive you Mad" Gold Miners still thriving while Copper miners have begun to wake up. $AEM successfully rose above 2020 peaks along w those back in 2010. For those who still lack confidence in US Stocks, i discuss #Gold and Gold Miners & what are my favorites in tonight's report . Outperformance to US Technology won't last too much longer though, & i discuss this timetable. @IBDinvestors @Marketsurge

Notice that $GLD is showing a negative December for the first time in 10 years, and rising long rates & USD as Rate cuts have been pulled from 2025 has temporarily derailed #GOLD - Note, this is temporary only but not giving the all-clear just yet by any stretch. In the words of Kevin DuBrow.. "Metal Health can Drive ya Mad"

Notice that $GLD is showing a negative December for the first time in 10 years, and rising long rates & USD as Rate cuts have been pulled from 2025 has temporarily derailed #GOLD - Note, this is temporary only but not giving the all-clear just yet by any stretch. In the words of Kevin DuBrow.. "Metal Health can Drive ya Mad"

#GOLD is back at new all-time highs today, w/ 10-year Real yields lower by ~3% this week, Sentiment on Gold is growing more bullish, but not overly speculative yet I discussed the risk/reward for Gold last week & will revisit tonight to discuss some of the best ways to still play this move, along w/ upside tgts in price & time- $GLD $IAU

#GOLD is back at new all-time highs today, w/ 10-year Real yields lower by ~3% this week, Sentiment on Gold is growing more bullish, but not overly speculative yet I discussed the risk/reward for Gold last week & will revisit tonight to discuss some of the best ways to still play this move, along w/ upside tgts in price & time- $GLD $IAU