500% Increase in GOLD Prices! Prepare for the BIGGEST Gold & Silver Rally Ever – David Hunter

500% Increase in GOLD Prices! Prepare for the BIGGEST Gold & Silver Rally Ever – David Hunter

I think people have a recency bias where they assume the precious metals have to move opposite of the equity markets and yet go back to the first decade of this Century you know 2001 to 2011 you had a bull market in stocks during a good part of that and you had a very big bull market in Precious Metals so there are times when they move together and I certainly think this is one of those times they look very strong um there’s there you know gold obviously has moved to all-time high so there’s no resistance above it sil’s got a lot of uh resistance to move through but I think it’s a very thin area that once once uh institutions decide that they need some of that because the momentum is there you will see that the prices can move dramatically in in pretty quick fashion David Hunter Chief macro strategist of contrarian macro investors exudes optimism regarding the prospects of gold and silver setting conservative pre-bus targets of $3,000 for gold and $60 for silver he envisions silver potentially surging to $75 should it surpass the $60 Mark with significant upside potential anticipated for gold and silver miners the recent rally in gold prices surpassing the $2,300 Milestone was fueled by the federal reserve’s decision to maintain unchanged interest rates while announcing a reduction in the pace of balance sheet reduction furthermore Fed chair Jerome Powell’s failure to provide clear guidance on future rate Cuts added to the bullish sentiment Hunter emphasizes that gold has breached all-time highs from a technical standpoint while silver encounters resistance but remains poised for substantial gains as institutional investors join the momentum as of Thursday the price of silver opened at $26.90 marking a modest decrease of 1.16% from the previous day but reflecting a notable 9.05% increase since the beginning of the year regarding driving factors for the medals Hunter anticipates a decline in interest rates and foresees a weakening US dollar setting a target of 80 the Federal Reserve reiterated its stance on maintaining unchanged interest rates citing a lack of further progress in curbing inflation this decision maintains the critical rate at its highest level in over two decades from 5.25% to 5.5% since last July during a press conference Powell indicated that a rate hike was unlikely reiterating the fed’s desire for greater confidence in inflation easing before considering rate Cuts Hunter’s bullish outlook on precious metals aligns with prevailing Market sentiments as investors monitor economic indicators and fed policies for potential impacts on gold and silver prices come along as we explore David Hunter’s valuable insights don’t miss out on our latest updates subscribe to our Channel and activate notifications thank you for tuning in yeah I’ve been a huge um gold and silver bull here and I think it’s just beginning so um gold my target on gold has been for quite some time 3,000 and I think that’s a conservative estimate of where it goes pre- bust so I my targets when I put out a Target I’m saying pre-bus so you know um I think gold can go to 20,000 by the end of the decade uh for reasons we can go into when we talk about the bust but but pre- bust I think gold can go to 3,000 silver I have a target of 60 and I’ve been saying of that I think if it gets through 60 you could see 75 very quickly so 60 to 75 is kind of where I see silver going this year um so those are big moves and the miners which have lagged um and uh they’ve had to move out of their bottoms of a few months ago but they’ve lagged um I think they have huge upside from here it’s interesting because I think people have a recency bias where they assume um that the precious metals have to move opposite of the market the equity markets and yet go back to the first decade of this Century you know 2001 to 2011 you had a bull market in stocks during a good part of that and you had a very big bull market in Precious Metals so there are times when they move together and I certainly think this is one of those times technically they look very strong um there’s there you know gold obviously has moved to all-time high so there’s no resistance above it Silver’s got a lot of uh resistance to move through but I think it’s a very thin area that once once uh institutions decide that they need some of that because the momentum is there you will see that the prices can move dramatically in in pretty quick fashion in terms of in terms of um the metals I think rates coming down and probably the biggest part of it that has not manifested yet but I think will is the dollar coming down I have a dollar Target of 80 so okay so if the if the Dollar’s at 106 and I have a target of 80 imagine what that does to Metals if I’m anywhere near correct I think what it’s going to be not so much Huish but I think and again this is a contrarian call but I think we’re going to find that um the fed’s going to have to scramble uh and reverse themselves here and I think the others are going to be slower to do it so ECB and and Bank of Japan obviously is going to be going the other way they’ve got they’ve got issues here that I think are going to come to the Forefront here very quickly where you know their currency is going down I mean you know their currency is going down their rates are about to break out and they’ve got you know a very leverag balance sheet so I think but when I look at the currencies and see what’s going on it strikes me there’s a potential here for some sort of an accord you know Plaza Accord of 1985 I’m not sure it’ll be that but but something where they coordinate uh the valuations of the currencies uh particularly particularly the yen versus the dollar uh because Japan can’t can’t withstand much more pressure Hunter has revised its targets for various stock market indices setting a target of 7,000 for the S&P 23,000 for the NASDAQ 55,000 for the Dow and 3,300 for the Russell it anticipates a historic upward run in the market encompassing both small and large caps growth and value stocks on Thursday US Stocks made gains as investors shifted Focus from rate worries to Apple earnings and the upcoming monthly jobs report the S&P 500 Rose roughly 0.5% with the Dow Jones Industrial Average gaining 0.5% the NASDAQ Composite led the gains up 0.9% Hunter expects the Federal Reserve to maintain a cautious approach balancing concerns about inflation with the risk of tipping the economy into recession the impact of higher interest rates extends to the public through increased costs of mortgages car loans business loans and other debts the fed’s decisions are closely monitored globally with many central banks including the bank of England also facing heightened rates Powell noted that policy makers in other countries may move faster than the US to cut rates due to concerns about economic slowdown let’s get back to the interview I’ve dropped the 6,000 part of that range and I’ve back in January and I raised my target to or or uh had my target move to 7,000 so I don’t think I need that range anymore I think you know my work shows that we are going to see the upper end of that that range so I have a target of 7,000 for the for the S&P um 23,000 for the NASDAQ 55,000 for the Dow and the hardest one for people to believe probably is that my target on the Russell um which had been 3,000 I’ve raised that to 3,300 so I think you’re going to see this Market once we come out of this you know small pause we’ve had for the last month um resume its upside get actually steeper and a run to the top from here um will be bro uh include small caps and large caps uh include growth in value I I think it’s going to be uh um a historic run let’s put it that way yeah i’ like to say markets St stair step their way to the top so um you you have to have these pauses along the way to rebuild the skepticism otherwise markets get ahead of themselves get overbought so um really this Market uh it’s been probably four or six weeks of of sideways to down more recently down movement uh it’s all within an uptrend I don’t see anything here that causes me concern uh and actually what I see is that wall of worry that helped carry us from you know 3500 on the S&P back in October of 2022 all the way up to 5250 um the move down here to you know just a small move maybe 6% a little more um you know has rebuilt that wall of worry and that’s the fuel that fuels the upside if you if you have skepticism you have penup demand I think the odds are it’s possible we could get down to 47 4,800 I think that’s unlikely um which isn’t all that far from you know where we bottomed out last week um I think more likely that low of last week hold um and you know today who knows you get volatility out of fed meetings so who knows what today brings could go down to 5,000 or may not um but I think this is the end of that consolidation and within hours or days I think we resume the up upside so I don’t look for a lot of downside here if we do happen to break the lows of last week like I said at 4700 is I think the 200 day moving average that could come into play I’m not expecting that I think when I look at the internals and look at the the nervousness out there I think more likely um we’re going into this meeting very skeptical people are nervous uh and and getting more nervous um that you know fed hikes are done and you know the fed’s uh got to worry about inflation coming back the other way you know breaking out again um so I think people are going into this with you know pretty pretty big amount of skepticism about a bull market and that to me um is going to temper any downside you know and I I think po my guess is that pow’s going to um not come out all that H because he’ll he’ll continue to say higher for longer I would guess but I think they’re going to have to temper that with the idea that there are signs certainly saw it this morning and some of the numbers and and recently there are signs that the consumer is slowing down that the economy is slowing down so um we had that kind of um strength in the first quarter but obviously the GDP number recently was was uh unexpectedly low um and you know numbers in uh the ism numbers and Chicago purchasing manager yesterday all those things are are coming out um indicating we’re we’re in a Slowdown you know this econom is getting weaker so the FED has to look at both the economy and inflation I don’t think they can get much more hawkish here I think they have to worry that they are going to tip this thing into a recession if they’re not careful gold bulls drove up the price following the federal reserve’s decision to keep interest rates unchanged and to reduce the pace of its US Treasury Holdings mark a mildly dovish stance as it reverses quantitative tightening given the federal reserve’s recent policy decisions and the broader economic landscape how do you anticipate the Dynamics of gold and silver prices evolving shortly share your perspective in 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500% Increase in GOLD Prices! Prepare for the BIGGEST Gold & Silver Rally Ever – David Hunter

David Hunter, Chief Macro Strategist of Contrarian Macro Investors, exudes optimism regarding the prospects of gold and silver, setting conservative pre-bust targets of 3,000 dollars for gold and 60 dollars for silver. He envisions silver potentially surging to 75 dollars should it surpass the 60-dollar mark, with significant upside potential anticipated for gold and silver miners.
The recent rally in gold prices, surpassing the 2,300 dollar milestone, was fueled by the Federal Reserve’s decision to maintain unchanged interest rates while announcing a reduction in the pace of balance sheet reduction. Furthermore, Fed Chair Jerome Powell’s failure to provide clear guidance on future rate cuts added to the bullish sentiment.
Hunter emphasizes that gold has breached all-time highs from a technical standpoint, while silver encounters resistance but remains poised for substantial gains as institutional investors join the momentum.
As of Thursday, the price of silver opened at 26.09 dollars per ounce, marking a modest decrease of 1.16% from the previous day but reflecting a notable 9.05% increase since the beginning of the year.
Regarding driving factors for the metals, Hunter anticipates a decline in interest rates and foresees a weakening US dollar, setting a target of 80. The Federal Reserve reiterated its stance on maintaining unchanged interest rates, citing a “lack of further progress” in curbing inflation. This decision maintains the critical rate at its highest level in over two decades, from 5.25% to 5.5% since last July. During a press conference, Powell indicated that a rate hike was unlikely, reiterating the Fed’s desire for greater confidence in inflation easing before considering rate cuts. Hunter’s bullish outlook on precious metals aligns with prevailing market sentiments as investors monitor economic indicators and Fed policies for potential impacts on gold and silver prices.
Hunter has revised its targets for various stock market indices, setting a target of 7,000 for the S&P, 23,000 for the Nasdaq, 55,000 for the Dow, and 3,300 for the Russell. It anticipates a historic upward run in the market, encompassing both small and large caps, growth, and value stocks.
On Thursday, US stocks made gains as investors shifted focus from rate worries to Apple earnings and the upcoming monthly jobs report. The S&P 500 rose roughly 0.5%, with the Dow Jones Industrial Average gaining 0.5%. The Nasdaq Composite led the gains, up 0.9%.
Hunter expects the Federal Reserve to maintain a cautious approach, balancing concerns about inflation with the risk of tipping the economy into recession.
The impact of higher interest rates extends to the public through increased costs of mortgages, car loans, business loans, and other debts. The Fed’s decisions are closely monitored globally, with many central banks, including the Bank of England, also facing heightened rates. Powell noted that policymakers in other countries may move faster than the US to cut rates due to concerns about economic slowdown.

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