June 21, 2024 - (Gold Market Wire) - We take some time to draw our medium term channel to gauge were we are in the bigger picture:

Even our recent sell-off didn't take us out of the channel, and frankly, we thought it would. The market remains strong. Dollar strength is no impediment, as the Yen flirts with the danger level of 160 - which will probably mark the beginning of a serious Yen unwind.

So, our mantra, "Long Dollar, Long Gold" (and, of course, Silver) continues to work - despite the "Dollar is Finished" crowd singing in lusty chorus.

Silver has moved up some 40% in half a year. Breathtaking.

Our posture for trading: buying pullbacks, with an eye to cut if the channel gives way.