Gold and Silver miners (Jr and Exploration)

[ThSeeker]

$1200 Gold??? BS IMO
But here it is Food for thought


https://www.gold-eagle.com/article/gold-price-forecast-predicting-gold-above-1500-read

Summary

Summing up, the recent rally in the precious metals may appear encouraging, but it didn’t change the medium-term trend. Multiple long-term signs continue to point to lower prices in the following months, i.a. the clear huge-volume-confirmed bearish shooting star candlestick in gold, huge volume topping signs from both: gold and silver, the triangle-vertex-based reversals, and epic volume from silver stocks. This means that as much as we light the precious metals market, we just can’t forecast higher gold prices right now. The next big move in the precious metals sector is most likely going to be down, not up, and we’re likely going to see gold $1,200 well before we see it at $1,500. In fact, we think that gold is going to decline much lower than just to $1,200.

Naturally, the above is up-to-date at the moment of publishing and the situation may – and is likely to – change in the future. If you’d like to receive follow-ups to the above analysis, we invite you to sign up to our gold newsletter. You’ll receive our articles for free and if you don’t like them, you can unsubscribe in just a few seconds. Sign up today.

Przemyslaw Radomski, CFA

Editor-in-chief, Gold & Silver Fund Manager