Gold makes another new closing high in US$, and much higher prices are coming.

Gold is surging in all major currencies.

Silver is breaking out, and palladium is readying to rocket higher

Key Points

Gold

• Another new high
• Strong in all currencies

Gold Stocks

• More catch-up rally
• Another few percent before pause
• But heading much higher

Silver

• Breaking out

Palladium

• Ready to rocket higher
• Strong on all time frames

Nickel

• Downtrend broken

Gold

Volatility is returning after a very quiet period.

This is a very powerful move after the 4-year consolidation in the box.

The parabolic moves are very clear in gold in most currencies.

This is a vertical move.

In clear air to head higher.

Big break out here against rallying bond prices.

Silver

Silver is looking good here now.

And the big picture is for a very strong move out of this parabolic pattern.

XAU has moved nicely out of that wedge.

The first stop will be 117 with a breather and then to 130.

It will go much higher, but let’s wait and see.

ASX Gold Stocks

Rally to 7700 underway, then much higher.

Bonds

• Yields still heading lower
• Gapped lower

Palladium

Good on every time frame.

Nickel

Breaking out.

Head the markets, not the commentators.

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