Weekly Hot Take - Xmas/New Year edition
25/12-29/12
Celebrating One Year of Weekly Insights! 🎉
Hello friends!
Welcome to a special edition of our weekly hot take! This marks an incredible milestone as we celebrate one year of sharing insights into the fascinating world of precious metals. I want to express my sincere gratitude to each and every one of you who has been a loyal reader over the past year. Your weekly engagement and support have made this journey truly remarkable.
As we reflect on the past 52 weeks, I’m overwhelmed with appreciation for the vibrant community that has formed around our newsletter. Your commitment to staying informed about the precious metals market has been the driving force behind the dedication to delivering valuable content each week. Thank you for being a part of this journey, and here's to many more years of insightful yet easy-to-understand hot takes!
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Precious Metals
XAUUSD
(Quarterly)
For this special edition, we include this beautiful quarterly chart, which shows that we are in a beautiful uptrend. We broke the past 3 wicks higher and are heading towards ATHs. Funny enough, the miners have barely started their catch-up. This usually only starts when gold has made a new ATH. I’m expecting gold to continue its upward trajectory in the coming years, with targets as high as $3000.
(Weekly)
Looking at cycles, we should be going into our 2nd or 3rd daily cycle of this intermediate cycle, which says to me that we should have a strong move up before heading back down into an ICL. For our momentum indicators, such as the EMAs, we are also firmly holding those, so we have every reason to believe that we will destroy $2077 next. Where is it headed afterwards? My guess is $2300 over the medium term.
(Daily)
Looking at the daily candles, we had DCL just now at $1974, which means this becomes our line in the sand on the downside while we keep our upside expectations. Sticking to the longs, but raising stops to $1974.
XAGUSD
(Monthly)
Silver monthly candles still have the long-term setup to make their breakthrough move. The big move will only start once bulls are able to break the $25.77–$26.11 range that we have had since last year, when we started the newsletter. Once the trending move in silver starts, my first target is $34. We expect the junior miners we are invested in to gain anywhere between 300% and 500%.
(Weekly)
The weekly chart shows us the same strong resistance over at the $26 level. Wait mode till gold pushes silver through this resistance.
Crypto markets
Looking back at our decision to long $BTC in the 4-year cycle low was the perfect entry! I even proved why that was a good time to buy historically, and it was proven once again.
(Weekly)
The red line 1 year ago is where we bought right before the first big spike up. I hope some of you still hold some bags there; to me, it looks like we will have a good year for crypto’s as well. If I have to credit anyone for this perfect buy timing, then it's the Bob Loukas theory of the 4-year cycles.
Conclusion
Thank you once again for being a part of our community for the past year. Your support means the world to us. Don't forget to take advantage of our special anniversary discount, and here's to another year of insightful market analyses!
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Happy Anniversary!
GG