Video: Gold and Silver Final Phase Declines

Gold and Silver had rough weeks, losing 3.5% and 10% respectively while the stock market was down only some 1.5%. The CPI reading days ago reiterated that the Fed has more tightening to do and so recession concerns were mitigated, at least temporarily.

In this video we discuss potential downside targets for Gold, Silver, GDX and GDXJ and discuss key sentiment readings for Gold. The setup which includes the Fed ending its hikes, is one that could lead to a major bottom in precious metals over the next month or two.

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