Spot pricing for Gold $AU4114

Spot pricing for Silver $AU52.19

Spot pricing for Platinum $AU1557

US stocks just posted back to back losses for the first time since early September. In a sign that markets are ‘getting the jitters’, Economists are torn between historical data showing that Election time is more often than not a time to celebrate sharemarket rallies, an AI bubble that is soon to burst and an economy that could well be overheated and overvalued. Gold and Silver can also feel the same sentiment, both outperforming this week with Silver pushing through $AU50 and Gold consolidating its position well above $AU4000 per ounce.

For those that experienced the last bullion bull cycle, take a moment to reflect on language that was used during the peak of that cycle. The euphoria was palpable. As Silver approached $US50 people were still piling into the precious metal. Similar language has just started, with online forums starting conversations ‘How high do you think Silver will go?’ It was 13 years ago, 28th April 2011 when Silver hit its still unbroken all time high.

And China has already kickstarted their monetary easing process injecting an estimated 10 Trillion Yuan (an approximate US1Trillion) over the life span of the stimulus. While being sold as a stimulus package to revive a slowing economy, the sheer scale of the money being injected into their economy is certainly causing the FED and RBA to scratch their heads and wonder if all the efforts to control inflation were worth the hassle.

Enjoy todays charts

Gold daily chart, with 200MDA