Technically the charts suggest quite a bit low for both Gold and silver.
There is almost an inverse head and shoulders on the Gold/Silver Ratio and with Fibonacci pointing to a level 80-85.
Let’s see - the background geopolitical mess has provided a lot of support. Should some agreements be made it would put a lot of downward pressure on the metals. Longer term money printing will ensure the continued upward movement in coming years. A significant pullback would be realistic and ensure a smoother ride higher.
Additionally we have stock markets still at very elevated levels. The reality picture of the impact that AI will have on jobs is finally starting to hit and this I expect will crash many things. Gold and silver will be dragged lower as an initial wave down in the DOW/S&P/NASDAQ.
There is almost an inverse head and shoulders on the Gold/Silver Ratio and with Fibonacci pointing to a level 80-85.
Let’s see - the background geopolitical mess has provided a lot of support. Should some agreements be made it would put a lot of downward pressure on the metals. Longer term money printing will ensure the continued upward movement in coming years. A significant pullback would be realistic and ensure a smoother ride higher.
Additionally we have stock markets still at very elevated levels. The reality picture of the impact that AI will have on jobs is finally starting to hit and this I expect will crash many things. Gold and silver will be dragged lower as an initial wave down in the DOW/S&P/NASDAQ.
