Precious Metals have been struggling and trading sideways or lower all year. Based on the Fibonacci extension on both long-term charts and the recent bull-flag pattern, the 100% measured move for Gold is $2700 in 2022.
Silver’s chart is pointing to higher prices as well. Silver has this funny way of blasting through levels at a ridiculous rate and taking off. From a technical standpoint, a 69% gain or $38 per ounce level is the next measured move to the upside.
After a pretty wild year and another funky month, the lost year for precious metals comes to a close. But will 2022 be a better year for Gold and Silver?
Chris and Craig explore commodity inflation by looking at lumber (WOOD) and homebuilder (XHB) ETFs and food inflation concerns via the Agriculture ETF DBA.
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2022 PRECIOUS METALS FORECAST VIDEO
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