Liberty and Finance, Released on 11/2/24

Steve Penny highlights the bullish long-term outlook for gold and silver, emphasizing that while prices surge, caution is warranted due to the potential for short-term pullbacks. Penny points to the Federal Reserve’s unsustainable debt situation as a key factor driving precious metals, predicting that persistent inflation will support their values over the next decade. Technically, he notes that gold breaks previous resistance levels, suggesting targets between $2,500 and $3,000, while identifying key support zones for potential buying opportunities. He expresses optimism for silver, pointing out its favorable risk-reward ratio and the potential for significant upside. Additionally, Penny discusses the undervaluation of platinum, suggesting it could catch up to gold and silver in the coming months.

0:00 Intro
1:30 Gold
5:45 Silver
11:24 Strategy
13:05 Mining stocks
15:10 Silver Chartist
15:45 Election volatility
16:56 Weekly specials

Steve Penny is a full-time trader specializing in silver, gold, and uranium. Steve Penny’s Silver Chartist: https://www.silverchartist.com.

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