Gold: A Super Surge to $2200 is Next

November 15, 2023

by Stewart Thomson GoldSeek

  1. Please click here now. A week ago, Morgan Stanley analysts called gold stocks a buy… while I called for a week of pain.

  2. Please click here now. Click to enlarge this GDX chart. Clearly, it was pain that prevailed…but could these analysts be correct going forward from here?

  3. The $30 neckline of the inverse H&S bottom is strong resistance. It coincides with gold $2000 and that’s a big number. Significant news is clearly needed to get the price higher.

  4. On that note, please click here now. UBS analysts see much worse economic news in 2024, and a “raft” of rate cuts from the Fed to deal with it.