More about Mish’s 2024 outlook – Gold and Silver | Mish’s Market Hours

Last year in Outlook I wrote:

Perhaps the biggest need for a major rally in 2023 is gold.

Here we are over $2000 and while the price of gold has not doubled, it is up 25%.

In 2024, we continue to call for higher gold prices. I expect gold to move to $2400 if it continues to hold at $1980.

The statement was made on December 1st. To add to that statement:

Trends for 2024 – Gold and Silver begin their last hurrah.

Here are some updated thoughts on what you can add to the great content in Outlook (I recommend getting a free copy):

If you look at the daily charts of gold and silver, you can see that silver has much more potential next year. Gold has encountered resistance and continues to underperform SPY. It still sits high up like a security blanket.

Silver has not yet encountered resistance. If you can get rid of 23.40, there’s no reason you can’t get to 27-30.

Nevertheless, to more fully understand why these metals should be part of your investment plan, take a look at the outlook.

Click this link to get your free copy of Outlook 2024 and stay updated!

This is for educational purposes only. Trading involves risk.

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Mish discusses gold, silver, self-care and why “all about me” could be a trend in 2024. This video source provided by Yahoo!

Coming soon:

December 27: Wrapping up the extended session, Benzinga

December 28: singapore morning radio

January 2nd: Last Bar with David KellerStock Chart TV

January 5: Daily briefing, Real Vision

weekly: Business-first AM, CMC market

• S&P 500 (Spy): 480 all-time high, 465 base support.
• Russell 2000 (IWM): 200 central and 194 support.
• Dow (HE): You should get 370.
• NASDAQ (QQQ): Resistance at 410 with support at 395.
• Local Bank (KRE): Support is 47 and resistance is 55.
• Semiconductor (SMH): This month, 174 pivotal applications will be held.
• Transportation (IYT): You must have 250.
• Biotechnology (IBB): 130 Pivotal support.
• Sleeve (XRT): The longer it stays above 70.00, the better!

Misch Schneider

MarketGauge.com

Director of Trading Research and Education