Is $3,000 Gold a Mid-Rally Target? Could it go to $5,000 in the Long-Term?
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- čas přidán 6. 09. 2024
- Gold continues to trade in a wide range, stuck between resistance at $2,400 and support at $2,300 an ounce. While risks remain to the downside as the Federal Reserve’s aggressive monetary policy keeps investors away, one market analyst continues to look at the broader landscape. Today we will explore the possible near and long term price targets he sees for Gold.
In an interview with Kitco News in mid-June, David Brady, an independent analyst and the author of The FIPEST Report on Substack, said that lower gold and silver prices through the summer will create strategic buying opportunities for what he expects will be a much longer bull run.
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Long term up,yes
@@de_pin5835 the dollar is being devalued more and more every day. If Gold goes to $5,000 think about the price of bread and milk…
Bread and milk wont go up the same percentage that gold does, it's not linear... yes the price of goods will go up but gold will go up more.
@@bradleyjordan5365 agreed but if gold serves primarily as an inflation hedge they should be close in percentage rise. Ie Bread and milk doubles, gold should double (approximately).
@@MinuteManPreciousMetals But gold is becoming more than just an inflation hedge, its breaking away from old traditions. Especially with talks about the BRICS backing their currency with gold.
Do you think David Brady's price predictions are realistic? Where do you see Gold and Silver going near and long-term?