A Shaky Stock Market & Gold

Source: Stewart Thomson 02/25/2025

Newsletter writer Stewart Thomson addresses the question of whether gold, silver, and mining stock investors should be concerned about tariff taxes and the stock market.

As the U.S. government looks to impose the tariff taxes that were originally delayed for a month, the incredibly overvalued U.S. stock market has become shaky.

But what about gold, silver, and junior miners?

Well, Here’s a look at the weekly chart for the PHYS-NYSE fully allocated physical gold bullion ETF:

Oscillators are overbought, but there could be more legs higher before there’s a meaningful correction in the price. For fresh buys, I like the support zones at $21.50 and $20.

It’s unknown whether the price will dip that much, but both are great buy zones for gold, silver, and miners . . . if the dip happens.

Here’s a short-term chart for gold:

There’s a mild bear wedge in play, which is in sync with the weekly chart oscillators.

Here’s a peek at the daily chart for GDXJ:

The good news is that the technically overbought situation is already being worked off . . . and the key oscillators could be in the buy zone just in time for this Friday’s important PCE inflation report!

Here’s the weekly GDXJ chart:

A needed pause in the upside action is in play. I’m expecting a short rally from Friday, but it may take a month or so for the weekly charts of key GDXJ-style miners to become technically oversold . . . and offer the kind of high-quality buy opportunities we like to take advantage of.

Here is the daily chart of the CDNX venture stocks index:

It’s taking a hit along with the stock market, but what’s interesting is that even on a hard down day like today, numerous individual CDNX stocks . . . look awesome!

This is a major change in the market, and a very positive one.

Here’s a view of one of these stocks:

ShaMaran is blasting up from a 10-year base pattern. Dips can be bought, and partial profits can be booked at 50-60 cents.

Here’s another very interesting low-priced stock, Golden Lake:

The stock is breaking out of a massive bull wedge pattern, and light buys could be done here. It looks solid, even with the CDNX and the stock market selling off! Light buys here are a play for eager junior mine investors.

Overall tactics? Well, my suggestion is to wait for Friday’s PCE report and then take a look at the technical situation of the CDNX and GDXJ. If green shoots and green lights are in play, it’s time to buy. I’ll try to do a follow-up posting then, to summarize what has transpired… and what could be next!

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Important Disclosures:

1. Stewart Thomson: I, or members of my immediate household or family, own securities of: gold bullion. I determined which companies would be included in this article based on my research and understanding of the sector.
2. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
3. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

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Stewart Thomson Disclosures

Stewart Thomson is no longer an investment advisor. The information provided by Stewart and Graceland Updates is for general information purposes only. Before taking any action on any investment, it is imperative that you consult with multiple properly licensed, experienced and qualified investment advisors and get numerous opinions before taking any action. Your minimum risk on any investment in the world is: 100% loss of all your money. You may be taking or preparing to take leveraged positions in investments and not know it, exposing yourself to unlimited risks. This is highly concerning if you are an investor in any derivatives products. There is an approx $700 trillion OTC Derivatives Iceberg with a tiny portion written off officially. The bottom line:

Are You Prepared?

Source: https://www.streetwisereports.com/article/2025/02/25/a-shaky-stock-market-gold.html