Christopher Aaron – The Long-term Bullish Cup And Handle Pattern Has Been Triggered In Gold

Christopher Aaron, Founder of iGold Advisors and Senior Editor for Gold Eagle, joins us to break down the technical outlook for Gold, Silver, and the PM mining stocks.   We start off with the key technical takeaway from the recent price action in gold that longer-term bullish cup & handle chart pattern in gold has been triggered.   This is an extremely bullish longer-term development for gold where Christopher shares an upside target of $2880 in gold, providing that $1850 support is not breached on any pullback.  In the short-term, we discuss how there will be a mild corrective move when the geopolitical events get resolved, but he believes it is likely that could happen from an even higher level, and will be a swift “buy the dip” opportunity. 


Next we pivot over to what support and resistance levels Christopher is watching in Silver, and how he’ll be watching to see the approach to the key $29-$30 resistance area for a signal as to when gold may put in a short-term top as well.   A pullback to $25 is not out of the question, but medium term, when silver breaks $30 then a move up to $37-$38 is quite achievable, and then possibly a move to test the all time high at $50 and beyond in $2023.  We wrap up with a review of the gold and silver mining stocks, noting the moves in the key ETFs, and that the seniors have already started moving, and eventually this will trickle down to the junior miners.  At the end, Christopher offers some very wise counsel on how investors should monitor their personal sentiment and reflect on the composition of their mining stock portfolio and adjust the holdings appropriately.

Click here to visit Christopher’s site – iGold Advisors.

    Mar 08, 2022 08:45 PM

    Goldman Ups Gold Price Targets By 18%, 12-month From $2,150 to $2,500/oz

    Ranjeetha Pakiam – Bloomberg – March 08, 2022

    Mar 08, 2022 08:48 PM

    Gold Technical Analysis for March 09, 2022

    by FXEmpire – Mar 8, 2022

    “Gold markets have shot straight up in the air during the course of the trading session on Tuesday as we have broken above the $2060 level.”

    Mar 08, 2022 08:50 PM

    Kevin Wadsworth: $6,000 Gold is Perfectly Reasonable As This Bull Market Plays Out

    Silver Bullion TV – March 7th, 2022

    “We are joined on Metal Money by Kevin Wadsworth of Northstar & Badcharts as we review the latest rally in gold and silver prices. Kevin’s conservative charting shows that $6,000 gold in the next few years is perfectly reasonable.”

    Mar 08, 2022 08:37 PM

    Nickel Trading Halted After Historic 250% Price Spike

    The Daily Upside – 4h ago

    “On Tuesday, those traders were left counting their pennies when the price of real nickel surged an unprecedented 250%, at one point topping $100,000 per ton. The resulting squeeze hit the world’s largest nickel producer and a big Chinese bank, while the London Metal Exchange suspended trading.”

      Mar 09, 2022 09:09 AM

      ‘Like a car rolling down a hill’: Canada’s junior nickel miners loving price spike
      Record nickel prices could jumpstart a half-dozen mining projects in Canada

      Gabriel Friedman – Mar 08, 2022

      “Prices have been climbing steadily for months, as investors bet supply for the metal, a key ingredient in batteries, would fall short of growing demand for electric vehicles. Then, on March 8, the price surged to US$100,000 per tonne on the London Metal Exchange (LME) from about US$20,000 per tonne before trading was halted.”

      “The LME attributed the surge to concerns about Russia’s invasion of Ukraine, which accounts for 11.2 per cent of world nickel production, according to Statistics Canada. Analysts and industry executives also pointed to rumors that a large investor had staked out a short position on the metal, and were applying a squeeze.”

      “The last couple days, you almost have to set them aside,” said Martin Turenne, chief executive of FPX Nickel Corp., which is developing a nickel project in central British Columbia. “It’s a very particular short squeeze that’s being just incredibly messy, but you know the nickel price will settle back down to a more normal range when these winds have passed.”

      Still, Turenne said the dramatic trading day in London was only the latest sign that the nickel market is rapidly heating up as automakers look to establish battery supply chains. That adds a major source of new demand to a metal that is still primarily used to make stainless steel.

    Mar 08, 2022 08:40 PM

    Even though this meme gets over-used, it still makes me chuckle. This one’s on the potential of $28 Silver:


    Wall Street Silver@WallStreetSilv · 2hrs ago – Twitter:

    $27.20 #silver tonight …

    Mar 08, 2022 08:44 PM

    Silver will take out last year’s high sooner than most think.

      Mar 08, 2022 08:51 PM

      I’m pretty excited to think about where the silver stocks will head once Silver takes out $30 overhead resistance. If the next stop after that is $37-$38, then even that move will really light a fire under the Ag stocks. Producers will be printing literal money from silver projects, and the economics on development projects will go through the roof.

      Matthew, do you think that $30 level may get tested one more time and the retreat in a corrective move, as Christopher outlined in his interview above, or do you think it’s possible that overhead resistance may get pierced right through on this current move, and then just keep on trucking higher?

    Mar 08, 2022 08:08 PM

    If we have never been here before, might history have a lower probability.

      Mar 08, 2022 08:31 PM

      Chart action is based on forever repeating human action which is why chart patterns repeat forever and do so from the most micro to the most macro of timeframes. Likewise, strength and momentum measures repeat along with price action/chart patterns.

    Mar 08, 2022 08:35 PM

    GDX recently broke through its highest possible anchored VWAP and now SILJ is getting ready to do the same. At the moment, that requires finishing the week just 7 cents above the current price.

    Mar 09, 2022 09:51 AM

    Silver broke through two steep fork resistances today and looks like it wants to rush higher. It’s well below those breakout levels now but that probably doesn’t matter. We’ll find out in less than 5 hours.

    Mar 09, 2022 09:20 AM

    A collection of really fine interviews, a celebration really.
    Yous could ease up and take it easy rest of the week.

      Mar 09, 2022 09:11 AM

      Thanks for that feedback Terry.

      We’ve had some really good interviews with folks this week already, but have a full schedule for the balance of the week as well. These are interesting times and wild markets, so lots to discuss with people we respect as thought leaders. Ever upward!

        Mar 09, 2022 09:58 AM

        I agree with Terry that this weeks interviews have been packed with some very timely and thorough coverage of the situation. Also some very informative participation by Matthew and many others reinforcing what we are hearing.
        Looks like today’s paper prices are going to back peddle as discussed.
        Thanks to all.

          Mar 09, 2022 09:12 AM

          Much appreciated Lakedweller2.

          We are blessed to have some really sharp show guests and commentators here on the blog for sure.

    Mar 09, 2022 09:41 AM

    Dow Futures Rise 430 Pts; Tentative Signs of Diplomacy Over Ukraine

    40 minutes ago (Mar 09, 2022) –

    “U.S. stocks are seen opening higher Wednesday, rebounding after recent losses amid the first signs of compromise from the Russian and Ukrainian governments while investors digest volatile oil prices.”

      Mar 09, 2022 09:21 AM

      Russian conflict …….. is far from over…… This is a globalist agenda…….. much like covid….scam…
      Matthew,….should post his latest article from the Archbishop…..might give a few a heads up , on what has been going on, and will continue to go on.

        Mar 09, 2022 09:44 AM

        Problem…………. OIL is not going down, for awhile….
        Third Party Remarks

        US President Biden tweeted that “This much is already clear: Ukraine will never be a victory for Putin. Putin may be able to take a city — but he will never be able to hold the country”.

          Mar 09, 2022 09:46 AM

          Stocks Rebound As Markets Pause, Oil Prices Cool Down

          25 minutes ago (Mar 09, 2022)

          Peter McCallum, rates strategist at Mizuho, said “the rebound in equities was a temporary relief rally which could be attributed to news of talks between Russia and Ukraine.”

          “People are thinking that we might have seen the worst of the escalation for the foreseeable future,” he said, describing the day’s bounce as a “consolidation”.

          “Maybe markets are less panicked about the conflict escalating into other regions than they were at the start of the week.”

            Mar 09, 2022 09:53 AM

            Oil Falls To $125 On Speculation U.S. Russia Oil Ban Won’t Worsen Supply Shock

            44 minutes ago (Mar 09, 2022)


            Mar 09, 2022 09:54 AM

            It is a bit odd to think of Oil “falling” to $125. Just shows how crazy the energy prices have gotten lately.

            Mar 09, 2022 09:14 AM

            “Oil Falls To $125 On Speculation U.S. Russia Oil Ban Won’t Worsen Supply Shock”….. WISHFUL THINKING………… as I said………. this is Far from over………..
            Biden Puppet and the Globalist……… I think , have a different plan…….

            Oh, thanks for the reply….and added notes..

            Mar 09, 2022 09:39 AM

            OOTB – You’re probably right about the media’s wishful thinking. That’s just the flavor-of-the-day market narrative circulating. I agree that this is far from over.

            Mar 09, 2022 09:01 AM

            Both of us know……….. the Globalist and Fraud Fed……… have not gone away………
            The war mongers, and Lockheed,/Treasury…..are going to keep this BS going…..Never has stopped,
            and is not going to stop…… WORLD WIDE DEBT, is about to EXPLODE…….
            Gates Foundation, and Hilly and Billy Foundation , Soros, FAKE FED……. are still going strong.

    Mar 09, 2022 09:40 AM

    Gold down $57……….. lol………. what a world………… better buy it while you can…….

      Mar 09, 2022 09:49 AM

      Not a surprise to see Gold selling off today, after going up and tagging the all-time high for COMEX trading yesterday (albeit not the actual all-time high of $2089 from Aug 2020, but that occurred in Asian overseas trading and not during a normal US trading session).

      > Gold was technically getting short-term overbought anyway, so maybe it needs to chill for a little bit.

      Also, the general markets are bouncing today, and commodities selling off a bit on the narrative around tensions easing. Not saying that is reality, just that the narrative drives the market sentiment.

        Mar 09, 2022 09:18 AM

        The narrative……… short term…….. day to day stupidity. Over all the USSA/UN, and USSR….. are headed in different directions, and the Globalist are two steps ahead of the Sheeple.

          Mar 09, 2022 09:45 AM

          Agreed OOTB. Often the main stream financial media’s daily narrative is very much “day to day stupidity.”

          However, as a short-duration swing trader, I pay attention to the market sentiment shifts and often trade keeping in mind that the sheeple are herd animals moving frantically from one hill to another valley falling all over themselves, and it is useful to trade in into those trends (regardless of whether they make sense logically or longer-term, just because that is what’s driving price that particular day).

          For example, if we see some weakness in the oil & nat gas stocks today on the back of this narrative, then there are a few energy companies I’m thinking of picking up into that weakness.

    Mar 09, 2022 09:41 AM

    (SKE) Skeena Announces 21A West Zone Expansion Discovery at Eskay Creek Including 8.95 g/t AuEq over 34.00 meters

    9 Mar 2022

    Mar 09, 2022 09:46 AM

    SPQ :
    Swing Tops Established.
    How Long?

      Mar 09, 2022 09:59 AM

      PM run of 27 business days (inclusive).
      Longest recorded since April start.

        Mar 09, 2022 09:08 AM

        Good point BDC. After a run like that in PMs, it is likely time for a bit of rest and consolidation of the move.

          Mar 09, 2022 09:23 AM

          Very true, Ex, but this move lower may be short lived. Prior to Gold hitting 1045 years ago, an Italian guy from Goldman Sachs predicted 1050. Hopefully Hindus are just as accurate.

            Mar 09, 2022 09:28 AM

            I do not think we had a war going on , when gold was $1045 low…….. QE, war maybe…… 🙂

            Mar 09, 2022 09:48 AM

            RT: “Ban on tech sales to Russia could spark global microchip war – expert”

            Mar 09, 2022 09:30 AM

            Economic related War analysis:

            Mar 09, 2022 09:44 AM

            Guest Tom Luongo – GOLD GOATS ‘N GUNS –

            Mar 09, 2022 09:00 AM

            “We’re seeing the financial architecture of the world shift East.”

            Mar 09, 2022 09:39 AM

            “Gold backed domestic version of the rouble.”

    Mar 09, 2022 09:02 AM

    Back into Bitterroot today. Drill results show some promise. See Goldfinger.
    Added to Libero to round out position.

      Mar 09, 2022 09:05 PM

      We talked to Goldfinger today, he’ll be on this Weekend’s show.

    Mar 09, 2022 09:49 AM

    Up 5%…hope it can last …