Good Morning!

The month and quarter ended yesterday.

It happens only four times a year.

Spot Gold closed at $3859 and is closing in on measured upside targets at $3900 and $3950.

Silver closed at a new quarterly all-time high at $46, demolishing the key resistance levels. 

Follow below to see 6 of the most significant charts as well as some snippets from TheDailyGold Premium. 

The best way to mitigate the risk of sector corrections is to buy the right companies and at reasonable prices.

To learn which juniors we like best and have 5x to 10x upside potential, subscribe to TheDailyGold Premium 👇👇👇  

1) Key Overbought Statistic for Gold

This is a rare time when words convey better than a chart.

2) Gold All-Time High Analog

This chart plots the Gold breakouts to new all-time highs on the scale of the current breakout that began in late February 2024. We also included the breakout in 2005, although not to an all-time high.

Gold has climbed back to those averages and is right between the 1972 breakout and 2009 breakout. 

Gold's first big correction in the 1970s was in 1973. It was 28%!

On this scale, Gold would have to reach roughly $5800/oz to make an equivalent peak (to lead to that kind of decline).

3) Gold Quarterly RSI

Gold's quarterly RSI is in line with where it was three months before that intermediate-term peak in 1973. 

The peak from which it declined 28%.

However, Gold gained 35% in the three months prior to the peak.

That would put Gold at $5200.

4) Silver Quarterly Chart

Silver closed at a new quarterly all-time high, crushing the old high of $37.60 and the highest quarterly open at $39.95.

Silver closed at $46.64.

This close signals that Silver will break $50, its all-time high.

Gold closed at a new quarterly all-time high at the end of 2023. It finally broke to a new all-time high in weekly and daily terms 2.5 months later.

5) Silver Performance After Gold All-Time Highs

We plot Silver's performance after the Gold Breakouts to new All-Time Highs in 1972, 1978 and 2009. It's on the scale of the 2024 breakout. 

I only show two averages and 1972.

This is because Silver is closely following the 1972-1974 move.

On this scale, that move at present corrects from $49 to $42, forming a super bullish cup and handle pattern. 

It eventually reaches $100 by the end of April 2026. Silver right now could be a few months behind.  

6) Silver vs. 60/40 Portfolio

The Silver vs. 60/40 Portfolio has broken out of an 11-year-long base in daily, weekly and now monthly terms.

The vertical lines mark when the ratio advanced after its final test of 40-month moving average. 

This is a monster, historic double bottom, that spanned 25 years.

Most important, the ratio has plenty of room to move higher which means there is big room for capital to move out of conventional investments and into Silver, providing the fuel for Silver to go to triple digits. 

In TheDailyGold Premium....

TDG #954 was a 15-page update.

It included company news (p3-p4) but most importantly an update of our Top 10 junior Silver companies (p5-p6).

This is a fluid list. We made two changes since our last publishing of the list a few months ago.

Criteria is company quality and asset quality.

Another criteria, which is a byproduct, is these are companies we think will be successful in what they set out to do.  

All of the silver companies we own are part of the list.

Here is part of our summary in TDG #954:  

...The Gold to Silver ratio has broken support at 85-86 and closed at 81.

There is strong support at 73-75. A plunge in the ratio coupled with a

surge to $50 in Silver or even $53 or $55 could signal the end of this

move. Silver and the GSR do have some room to move before an

extreme.

The only question is where does Silver peak? A plunge to 74 with Silver

reaching $51 equates to Gold around current levels. $3900 Gold and $53

Silver equates to a GSR of 73. The key short-term signal is a spike in

Silver and the GSR diving at the same time. In other words, Silver spikes

but Gold doesn’t move.

Make no mistake, the big picture remains bullish but this is not a time to

be buying. Hold or Trim....

We will continue to uncover quality juniors trading at excellent values and sporting 5x potential over the next few years. 

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Thank you for reading.

I wish you all the best in 2025 and beyond.