Many pundits are calling for this to be the beginning of the next big bull leg higher in the PM's. I think the table is set for that to come about because these rates hikes aren't sustainable. The QT will be reversed, and the QE will start again. That's their only recourse short of debt defaults or world-wide financial crisis'.
When that day comes we see the big reversal higher in gold and silver. The corrections with this back and forth price action will be over and IMO the prices move higher for good. Gold normally acts very well during geopolitical turmoil, not that's what I want it to come, but that is fact.
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