The New CS Board

[jumanji0881]

Gold and silver should continue to struggle | Kitco News
https://www.kitco.com/commentaries/2022-05-09/Gold-and-silver-should-continue-to-struggle.html

My Comment: All of the ingredients are in place for gold to benefit:
1) Risk-off (check)
2) High inflation (check)
3) Geopolitical turmoil (check)
4) Out-of-control government spending (check)
Yet gold keeps falling. What's it going to take for gold to move higher ?

Excerpt:
Looking at the major levels in gold, the current short-term range is $1850 -$1900, longer term range is $1800 – $1900. Silver’s ranges are short term $22-$24 and long term, $21 – $26. These levels are general guidelines and should be used based on your time frame for holding.

There is good news for gold investors, the most bullish pattern known as Cup and Handle has been forming over the last 12 years. When gold breaks to the upside, the move could be huge; however, the patience to wait for it is always problematic.