Mish’s Daily: More From Mish’s Outlook 2024 – Gold and Silver

10 months ago 475 views 4 min read

Michele “Mish” Schneider

Director of Trading and Education

MarketGauge.com

Mish’s Daily: More From Mish’s Outlook 2024 – Gold and Silver

Written by Michele ‘Mish’ Schneider

A passage from the Outlook

For last year’s Outlook I wrote, “Perhaps our biggest callout for a major rally in 2023 is in gold.”

Here we are over $2000 and although gold has not doubled in price, it did rise by 25%.

For 2024, we stay with our call for higher gold prices. I am looking for a move to $2400 provided gold continues to hold $1980.

That statement was from December 1^st.

Adding to that statement:

Trends for 2024-gold and silver start their last hurrah.

Here are some updated thoughts to add to the great content of the Outlook (which we highly recommend you get your free copy of)

More…

The look of the daily charts in both gold and silver show even more potential in silver for the coming year.

Gold has hit resistance and remains an underperformer to SPY.

Gold sits still at the highs like a quiet blanket of safety.

Silver has yet to hit resistance.

If it can take out 23.40, we see no reason why 27-30 is not attainable.

Regardless, have a look at the Outlook to understand more fully why these metals need to be a part of your investing plan.

Click the link below to get your free copy of the Outlook 2024 and stay in the loop!

https://www.marketgauge.com/outlook2024/?utm_source=mdaily&utm_campaign=outlook2024

If you find it difficult to execute the MarketGauge strategies or would like to explore how we can do it for you, please email Ben Scheibe at Benny@MGAMLLC.com, our Head of Institutional Sales. Cell 612-518-2482

For more detailed trading information about our blended models, tools, and trader education courses, contact Rob Quinn, our Chief Strategy Consultant, to learn more.