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Gold, silver and platinum getting ready to launch

Commentaries & Views

After being in downtrend for months the precious metals continue to set up for a big rally. The price action gets increasingly bullish each day. Interesting to say when the markets have hardly moved. The fact that they have held at these levels and continue to build on support.

There will be moves up and down, we don’t expect straight up. We are looking for a consistent run as gold, silver and platinum work their way out of congestion. Our next targets in gold are $1,800. silver $27.00 and platinum $1,300. We are looking for higher but those are the first targets.

Remember, this pattern can change and just because they are bullish now doesn’t mean they can’t turn bearish. Patterns last until they don’t as do trends. Long term, we expect metals to be higher and now they are bullish. However, the long-term view doesn’t change while in any given period of time trends can.

Tonight we have our Monday Night Strategy call, if you would like to join in the registration is below.

2021-04-26 Monday Night Strategy Call

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.