500% Increase in GOLD Prices! Prepare for the BIGGEST Gold & Silver Rally Ever - David Hunter

500% Increase in GOLD Prices! Prepare for the BIGGEST Gold & Silver Rally Ever - David Hunter

David Hunter, Chief Macro Strategist of Contrarian Macro Investors, exudes optimism regarding the prospects of gold and silver, setting conservative pre-bust targets of 3,000 dollars for gold and 60 dollars for silver. He envisions silver potentially surging to 75 dollars should it surpass the 60-dollar mark, with significant upside potential anticipated for gold and silver miners.
The recent rally in gold prices, surpassing the 2,300 dollar milestone, was fueled by the Federal Reserve's decision to maintain unchanged interest rates while announcing a reduction in the pace of balance sheet reduction. Furthermore, Fed Chair Jerome Powell's failure to provide clear guidance on future rate cuts added to the bullish sentiment.
Hunter emphasizes that gold has breached all-time highs from a technical standpoint, while silver encounters resistance but remains poised for substantial gains as institutional investors join the momentum.
As of Thursday, the price of silver opened at 26.09 dollars per ounce, marking a modest decrease of 1.16% from the previous day but reflecting a notable 9.05% increase since the beginning of the year.
Regarding driving factors for the metals, Hunter anticipates a decline in interest rates and foresees a weakening US dollar, setting a target of 80. The Federal Reserve reiterated its stance on maintaining unchanged interest rates, citing a "lack of further progress" in curbing inflation. This decision maintains the critical rate at its highest level in over two decades, from 5.25% to 5.5% since last July. During a press conference, Powell indicated that a rate hike was unlikely, reiterating the Fed's desire for greater confidence in inflation easing before considering rate cuts. Hunter's bullish outlook on precious metals aligns with prevailing market sentiments as investors monitor economic indicators and Fed policies for potential impacts on gold and silver prices.
Hunter has revised its targets for various stock market indices, setting a target of 7,000 for the S&P, 23,000 for the Nasdaq, 55,000 for the Dow, and 3,300 for the Russell. It anticipates a historic upward run in the market, encompassing both small and large caps, growth, and value stocks.
On Thursday, US stocks made gains as investors shifted focus from rate worries to Apple earnings and the upcoming monthly jobs report. The S&P 500 rose roughly 0.5%, with the Dow Jones Industrial Average gaining 0.5%. The Nasdaq Composite led the gains, up 0.9%.
Hunter expects the Federal Reserve to maintain a cautious approach, balancing concerns about inflation with the risk of tipping the economy into recession.
The impact of higher interest rates extends to the public through increased costs of mortgages, car loans, business loans, and other debts. The Fed's decisions are closely monitored globally, with many central banks, including the Bank of England, also facing heightened rates. Powell noted that policymakers in other countries may move faster than the US to cut rates due to concerns about economic slowdown.

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[TonyBaloz-]

Always brilliant guidance from David Hunter ! With Gold it is hard to tell how it will play out. Fundamentally should be much higher, but the Fed and Co manipulate the (paper) Comex Gold Spot prices down. How much resolve does the USA have to keep the price down, and can they continue in the face of a significant demand for physical gold by other countries.

[paulchristiann]

Great video! I really do have a quick question. For someone with less than $10, 000 to invest, How would you recommend we enter the market? I am looking study some traders and copy their strategy rather than investing myself and losing money emotionally. Whats your take on this approach?

[tonybaker]

If this is the case why is it difficult to raise investment capital for 60, 000 Oz of easily accessible alluvial gold in Southland New Zealand

[davesubers]

Up is down and down is up flip a coin!

[petrpan]

What the fuck thise People talking abaut. Its going down every day

[upaliherath]

What's the men you are talking?. Your ballastic missle is turning other side & come down.

[Stefanie-qjlw]

What's the best way to make money from crypto investment as crypto is turning around massively ❤❤❤