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Feb 10
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WATCH
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Geo Chen
Substack author, Fidenza Macro
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Gold and silver are in a correction phase after a parabolic rise, with the author expecting a period of sideways, choppy price action for "a few months to a year." However, the underlying monetary and geopolitical drivers (dollar bear market, de-dollarization, rising gold share of reserves) remain strongly supportive for a long-term bull market continuation. The current correction offers an opportunity to monitor for signs of equilibrium and accumulation before the next leg up in the secular bull market, similar to the 2006 analog. Monitor gold and silver for signs of bottoming and consolidation within the next 3-12 months, with a view to establishing long positions for a multi-year uptrend. The correction could be deeper or more prolonged than anticipated; Warsh's Fed policy could be less dovish on rates or more hawkish on QT than expected; a significant global economic downturn could temporarily dampen speculative demand for precious metals. |
Fidenza Macro
The end of the bull market or just a pause fo...
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Feb 09
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WATCH
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Jay Woods
Chief Global Strategist at Freedom Capital Markets
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There is a "flight to hard assets" occurring, with Gold holding up well and Central Banks buying. Investors are seeking safety, but they are choosing physical assets over digital ones (Bitcoin is not participating in this rally). Gold prices holding firm despite a massive rally; Silver has pulled back from highs. The price action is described as "wild" and "crazy," implying a high risk of a drawdown if entering late. |
CNBC
Market rotation holds as AI uncertainty keeps...
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