100% CERTAINTY! I'M AFRAID GOLD Is Going to Hit $7K Or $8K Soon - Rick Rule | Gold Silver Price

100% CERTAINTY! I'M AFRAID GOLD Is Going to Hit $7K Or $8K Soon - Rick Rule | Gold Silver Price

Rick Rule, representing Rule Investment Media, reiterates his steadfast belief in gold as a reliable hedge against economic uncertainties. He emphasizes its enduring value amidst short-term market fluctuations, even amid the prospect of exceeding the 2,500-dollar threshold.
Meanwhile, Natasha Kaneva, a JPMorgan Chase & Co. spokesperson, maintains an optimistic stance on gold, envisioning a possible ascent to 2,500 dollars following its recent record peak of 2,195.15 dollars. However, she advocates for caution against excessive exuberance within the market.
Gold prices experienced a slight decline on Monday, attributed to a firm dollar and anticipation of policy decisions from major global central banks, including the US Federal Reserve. Spot gold dipped 0.4% to 2,147.89 dollars. Geopolitical tensions, including the Russia-Ukraine conflict and unrest in the Middle East, are expected to support gold's safe-haven status.
Rick Rule explains that the recent increase in gold prices reflects a delayed response to ongoing favorable conditions such as negative real interest rates, inflation, debt, and deficits.
Meanwhile, silver is trading at 25.18 dollars, showcasing a notable 1.49% rise from the previous session. Its breakthrough of the daily pivot point at 24.79 dollars suggests the possibility of sustained upward momentum.
Rick Rule observes that gold typically takes the lead in bull markets initially, with silver trailing behind. However, as momentum strengthens, silver often surpasses expectations, albeit requiring time to do so.
Looking ahead to 2024, silver's performance is expected to be significantly influenced by geopolitical tensions, including the US presidential election, and monetary policy decisions made by the Federal Reserve. Capital Economics forecasts a stronger performance for silver in 2024, attributing it to anticipated growth in industrial demand, potentially reaching the 27-dollar mark.
Rule emphasizes that despite notable increases in gold prices during certain periods, many gold mining companies have failed to deliver satisfactory performances.
During October, gold reaffirmed its status as a reliable safe-haven asset, offering protection against market turbulence, volatility, and geopolitical uncertainties. By month-end, gold settled at 1,983.88 dollars, registering a notable gain of 7.32%.
Interestingly, while gold prices soared, gold mining stocks initially followed suit but faltered as gold approached the 2,000-dollar threshold. This unexpected loss of momentum led to a retracement of half of their earlier gains. Despite this, both the NYSE Arca Gold Miners Index and the MVIS Global Juniors Gold Miners Index still managed to record gains of 4.2% and 3.8%, respectively, during the month. However, the significant underperformance of gold stocks compared to the precious metal has widened the valuation gap between them.

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[JessicaKeith-ujjq]

Investing in gold seems like a good move, especially with the current market uncertainty.

[LeeuwAdelaar-xehh]

Ricky cowboy lets buy some more fisikol gold and silver 👏👍👈

[Medachillbeatz]

This is dumb, video reprats its self then the narrator repeats what Rick Rule

[GLang-kqlw]

too much of over excitement and illusion

[johnboettger]

It's Uncle Ricky again, and his daily BS.