Gold pops, then drops. What’s going on?

[] It’s all part of the plan [View in browser]( [View in browser]( [] MARCH 21, 2024 [] [] PROSPERITY PUB MARKET TALK Gold Pops, Then Drops. What’s Going On? So the Fed announced no change in rates yesterday. And the market took off like a rocket. And gold? See for yourself. [] We’ve been hearing so much about gold and its coming surge that we had to wonder what’s going on. Enter Geof Smith, our favorite commodities expert: “Gold ran too far too fast. Went from 2152 to 2225 (3.3%) in less than a day. It is pulling back now. Interestingly though, silver is holding up but pulled back $1 as gold has pulled back. Nothing goes straight up. So now we see where it settles and finds support and then we will see if it pushes higher again. It is not unusual to see both gold and silver go up over night and once the US opens, it corrects.” If you remember, a few weeks ago, Geof told us that for gold to go much higher, silver would need to start playing along. And play along it has: [] Now, as Geof tells us, we just need some time to see where things settle. That will give gold the rest it needs before tackling its next leg higher. — The Prosperity Pub Team [] [] 3 Steps To “Snowball” A Portfolio Nate Tucci recently shared 3 steps to building his dream “snowaball” portfolio. Along with the exact top 7 tickers he used to do it! Discover the power of the “snowball” portfolio. [Click to watch the presentation now!]( [] [] SCOTT WELSH’S TICKER TALES Surging: TGT Remember last July? Target (TGT) came under fire and the stock tanked. It was all over for the once-popular chain. That turned out not to be the case. TGT has rebounded like crazy and is now surging toward new highs. In fact, it’s just a few dollars away from a breakout level. Here’s the chart: [] A break above $175.53 could lead to move back up to pre-Bear Market levels. We’ll keep an eye on it. Happy trading, — Scott Welsh P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on [this Ask The Pros episode]( starting at timestamp 20:45. [] [] [] [] MARCH 21, 2024 [] [] PROSPERITY PUB MARKET TALK Gold Pops, Then Drops. What’s Going On? So the Fed announced no change in rates yesterday. And the market took off like a rocket. And gold? See for yourself. [] We’ve been hearing so much about gold and its coming surge that we had to wonder what’s going on. Enter Geof Smith, our favorite commodities expert: “Gold ran too far too fast. Went from 2152 to 2225 (3.3%) in less than a day. It is pulling back now. Interestingly though, silver is holding up but pulled back $1 as gold has pulled back. Nothing goes straight up. So now we see where it settles and finds support and then we will see if it pushes higher again. It is not unusual to see both gold and silver go up over night and once the US opens, it corrects.” If you remember, a few weeks ago, Geof told us that for gold to go much higher, silver would need to start playing along. And play along it has: [] Now, as Geof tells us, we just need some time to see where things settle. That will give gold the rest it needs before tackling its next leg higher. — The Prosperity Pub Team [] [] 3 Steps To “Snowball” A Portfolio Nate Tucci recently shared 3 steps to building his dream “snowaball” portfolio. Along with the exact top 7 tickers he used to do it! Discover the power of the “snowball” portfolio. [Click to watch the presentation now!]( [] [] SCOTT WELSH’S TICKER TALES Surging: TGT Remember last July? Target (TGT) came under fire and the stock tanked. It was all over for the once-popular chain. That turned out not to be the case. TGT has rebounded like crazy and is now surging toward new highs. In fact, it’s just a few dollars away from a breakout level. Here’s the chart: [] A break above $175.53 could lead to move back up to pre-Bear Market levels. We’ll keep an eye on it. Happy trading, — Scott Welsh P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on [this Ask The Pros episode]( starting at timestamp 20:45. [] [] [] [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](