April 1, 2022, 2:44 pm EDT
Gold Keeps Shinning
Although cryptocurrencies get a lot of attention, investors still remember the power of gold and silver in dealing with inflation.
We already mentioned gold and silver many times since late 2021 till now:
- 10/22/2021: Gold and Silver Bottom Out
- 12/16/2021: Gold, Silver, and Food
- 01/19/2022: Emerging Metal – Gold and Silver
- 02/17/2022: Market Plunges and Gold Shines
Our gold holding position Newmont Corp (NEM) +3.8% already accumulated +43% unrealized profits for us since 12/16/2021. The power of gold silver just began to get stronger and shinner.
As shown in the featured chart for Gold Miners (GDX) +3% can see its nearly 1-year base could generate more power to rally for months to come.
GDX briefly consolidates in March between the range of 36-40. It seems like GDX is ready to break out 40 for the second way of advancing.
We keep looking and adding our position on gold to ride the upswing.