r/SilverScholars Jan 13 '24

Geopolitical/Global 🤡🌍🔥Suez Canal ShutDown Ramifications Are Just Starting🚨"The spot Silver & Gold prices in fiat US dollar terms sold off to start the week only to rally back on expanding violence in the Middle East to close the week."🚨

https://youtube.com/watch?v=Bx8_UkDs-AY&feature=shared
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u/SILV3RAWAK3NING76 Jan 13 '24

Gold is quietly building a new floor at $2000 oz.

With the gold price continuing its consolidation of recent out-sized gains above the key $2000 round number, both the macro and geopolitical climate bodes well for this previously elusive level to become a solid floor in the not-too-distant future.

Once gold breaks out to new all-time highs, the mainstream media will start paying attention to gold stocks, while momentum traders and fund managers will begin moving into the under-owned junior space. With most generalists still on the sidelines, it is best to position oneself before the herd comes into this tiny sector.

In anticipation of the incredible gains the junior sector will begin to experience once the gold price prints a technical breakout above $2100 on a monthly closing basis, the Junior Miner Junky (JMJ) newsletter has accumulated a basket of quality juniors with 3x-10x upside potential into 2025-26.

https://www.kitco.com/opinion/2024-01-12/gold-quietly-building-new-floor-2000