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Gold, silver - big week for the metals

Commentaries & Views

It is another FED week; we expect more of the same. Inflation is transitory, although CPI was hot and expect more ridiculous excuses from the FED. The bond market will continue to push the FED to hike, but that is unlikely for now. The FED is wrong as they have been throughout history and like markets, we don’t expect this time to be different.

The FED has a sneaky plot to digitize the currency, making it easier with their plans and ignorance. Digitizing currency could be a massive boom for metals, especially gold. However, from a physical standpoint, we are buyers across the board. Although platinum is in a bear cycle now, we are physical buyers because of its long-term value.

Our models are long gold and silver; we would be short platinum as traders, but the market is not liquid enough for our members. However, this week we could finally see gold and silver break out of their tight ranges to the upside. There is no guarantee that the metals will break out or that it will be to the upside if they do, but all signs point higher.
Patience, discipline, and money management always win the day.

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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.