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Why I'm Near-Term Cautious on Silver
You won’t be surprised to hear that I’m a long-term precious metals bull. Still, that doesn’t mean I think these metals go up in a straight line. Almost nothing does. I’ve been saying for some time that silver and gold were due for a correction. We may be getting one now. Here’s a chart of the silver price year-to-date: chart Back in mid-July, I was telling subscribers that the move from $22 in February to $32 in May was unlikely to be sustained. My targets were $28 and then $26. Notice how it corrected to the $26.50 level back in early August. I think we are in for another correction, as gold, too, has ... (full story)
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- Posted: Oct 8, 2024 12:31am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 277
