AGE's Gold Commentary

AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.

3/11/2024: What's next for gold

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Greetings!

Gold has been on fire, rocketing higher by $170 an ounce over the past seven sessions to a series of new all-time highs. Bullish sentiment has strongly returned to the gold market. But will it continue?

In this new edition of AGE Gold Commentary, I drill down on the primary drivers of this stunning rally and outline what’s likely to come next. We’ll look at recent jobs data, talk about why the Fed is suddenly leaning back toward monetary easing, and discuss what this means for yields, the dollar, gold, and silver.

I’ll give you a brief tutorial on how professionals like me analyze the gold market, looking at the latest charts to get an idea of what to expect in coming months. And finally, I’ll tell you about a superb opportunity in the current gold market.

Premiums on vintage 20 Saint-Gaudens double eagles in near-gem MS64 grade have fallen to the lowest level ever at 13%. The rapid rise of the gold price has temporarily compressed premiums, making these pre-1933 coins historically cheap relative to gold bullion, with much greater upside. But it will not last!

Please call us at 1-800-613-9323 and we’ll be happy to help you.

And please join me for this brief but important Gold Commentary by clicking the link below. You can also view this video on the AGE YouTube channel, which includes a transcript.

Sincerely,

Dana Samuelson
President