Commodity Rally, Led by Gold, Silver & TSX-V:
The commodity rally, such as it has been so far, should take on a new intensity, possibly after a summer cool-down
Below I present for you one of those charts trying to say so much it could make your eyes water and your head spin. The chart is trying to quantify the history of loosely related markets (gold, silver, broad commodities and even the Canadian TSX-V index).
The reason we are doing this work is not to be bullish on the gold price, which we have been since the monetary metal took out the bull gateway (1378) in 2019. It is not to be bullish on silver, which is and has been bullish (in a lagging manner to gold) since its pattern breakout a year ago.
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