$2,650 Gold & $35 Silver! The UPCOMING Gold & Silver Rally Will SHOCK The World - Craig Hemke

$2,650 Gold & $35 Silver! The UPCOMING Gold & Silver Rally Will SHOCK The World - Craig Hemke

As the precious metals market enters August, traditionally the second-strongest month for gold and silver after January, industry experts are eyeing potential price increases. Craig Hemke, founder and editor of TF Metals Report, anticipates a bullish movement driven by macroeconomic factors and possible Federal Reserve actions.
Recent data has fueled optimism in the sector. The July US Nonfarm Payrolls report suggested a cooling labor market, causing bond yields to nosedive and propelling gold prices above 2,470 dollars in Friday's American session. This development aligns with broader market expectations of a shift in monetary policy.
In the next upward move, hemke projects potential targets of 2,600-2,650 dollars for gold and 34-35 dollars for silver. His analysis suggests that a stabilization and upward turn in copper prices could further boost silver, highlighting the interconnected nature of these markets.
Major financial institutions are also bullish on gold's prospects. Morgan Stanley forecasts a surge above 2,600 dollars per ounce by the fourth quarter of 2024, while JP Morgan has upgraded its price targets, expecting gold to reach around 2,500 dollars per ounce by year-end. These projections come as gold has risen 50% from its 2022 lows and 25% since mid-February.
Supporting this positive outlook, the World Gold Council's recent report revealed that global gold mine production hit a second-quarter record of 929 tonnes. Total gold supply grew by 4% year-on-year to 1,258 tonnes, with recycling supply reaching its highest second-quarter levels since 2012. Investors and analysts alike will closely monitor these developments, particularly as we approach the traditionally bullish month of August for gold and silver.

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[richarddeconcilio]

35 on silver how about 25. Great call.

[Michaelgytfr]

Did you check with California psychics

[Happyinvention]

I have learnt a lot concerning crypto progress this time and will like to join in . I wish I can get a good mentorship❤

[benjaminmoore]

Why will $2600 gold and $35 silver shock the world? I doubt it.

[selfaware]

Fast forward 15 hours …? Wrong as could be. Bahahaha.

[paulscottfilms]

More guessing and speculation from the notorious Money Nonsense