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    Gold & Silver Buyers Must Need To Hear This! Start Buying Gold & Silver Like Crazy – Peter Schiff



    Gold & Silver Buyers Must Need To Hear This! Start Buying Gold & Silver Like Crazy – Peter Schiff

    Gold & Silver Buyers Must Need To Hear This! Start Buying Gold & Silver Like Crazy – Peter Schiff

    The precious metal gold has recently found itself in a tight trading range, oscillating between support at $2,500 and resistance at $2,560. This consolidation phase is particularly noteworthy as it has established a solid base at the $2,500 level, which has withstood multiple tests.
    Peter Schiff, CEO of Euro Pacific Capital, is among the bullish voices in the gold market. He anticipates a significant rise in gold prices and advises investors against waiting for minor dips. “Delaying purchases could result in missing out on even higher prices,” Schiff warns. His predictions are bold, suggesting gold could reach $3,000 or more in the near term, potentially climbing to $3,500 if investors hesitate too long.
    Recent market conditions lend credence to these optimistic forecasts. A decline in the US dollar, triggered by data indicating a slowdown in inflation, has fueled expectations that the Federal Reserve will cut interest rates this year. This economic environment typically favors gold, which is often seen as a hedge against inflation and currency devaluation.
    However, the gold market is not without its challenges. Despite the favorable macroeconomic backdrop, gold prices remain under pressure due to various factors. These include India’s recent reduction in import duties, a persistently strong dollar, and rising bond yields. As a result, analysts are divided on the short-term trajectory of gold prices, with some predicting further declines while others anticipate a rebound.
    Schiff’s bullish outlook extends beyond gold prices. He predicts a severe recession on the horizon, expecting a weaker dollar and rising inflation to further boost gold’s appeal. In this scenario, Schiff sees gold mining stocks as undervalued and urges investors to act before prices surge.
    Peter Schiff notes that despite recent declines in gold stocks— with the GDX dropping 6.5% and the more volatile GDXJ falling 8%—gold itself remains close to its all-time high of $2,500, only slipping $30. Schiff emphasizes that analysts continue to be optimistic about gold stocks.
    According to 88 Wall Street analysts, the 12-month price target for GDXJ is set at an average of $55.60, suggesting a potential 20.97% increase from its current price of $45.96. Forecasts range from a low of $46.93 to a high of $65.71, reflecting a belief in significant upside potential for gold stocks despite recent declines.

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    View 10 Comments

    10 Comments

    3. @user-fp7zn8jd7q on

      If the Fed wanted to lower inflation then they have to address the root cause. And the root cause is the outrageous price of gasoline and diesel which causes everything to increase in price. The oil companies and refineries are gouging, period. The government needs to make an example of one oil company, national it, the other oil companies will crap  their pants and lower the fuel cost instantly. If the oil companies don’t lower their prices then the government just orders their newly nationalized oil company to compete against the other oil companies. I don’t think this will happen because the government is in big oils back pocket. And the government wants inflation high to deal with the 31 trillion in debt. if you are losing in the current dip or you look forward to start the best way to go is trading with the guidance of an expert. Sharon Teater has been one step ahead of other analysis, with his strategy I was able to accumulate 15.03 Btc lately.

    4. @Alina-ik9so on

      Being in the discord and starting trading is literally changing my life. I'm starting witha small $2,000 account but I got it up to $10,000 in one week! Not a lot of money but that's a big growth for me.🎉🎉🎉

    5. @back2basics597 on

      When you have to keep on explaining how a joke is funny, it no longer is. I wish YouTube will neglect to send me pro gold videos. I got the message already, a long time ago. Darn these algorithms.

    7. @benjaminmoore528 on

      Peter the only thing I don't understand is why you're pushing buying stocks if the dollar dies what good are the stocks. Won't the whole company and everything else go under as well Physical is where to be if you asked me

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