Sprott Money, Released on 4/8/24
The alignment of various factors, including the potential for a major stock market peak and ensuing recession, suggests a bullish trajectory for gold, potentially reaching $2700, with silver miners expected to follow suit; however, gold’s momentum may eventually wane as the stock market undergoes a downturn, paving the way for a subsequent bullish pattern and a longer-term ascent toward $3000. Discover the potential impacts of current events on precious metals and equities, along with strategies for navigating these evolving landscapes.
Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic.
Known primarily by his nickname “Turd Ferguson,” Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater economic trends.