3 Minutes Ago: Michael Oliver Shared a Horrible News

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The analysis suggests a bullish outlook for precious metals, specifically silver, gold, and the GDX ETF, driven by a potential shift in monetary policy and historical patterns. Despite current rate hikes by the Fed, the underlying trend for these assets is argued to be bullish, with significant upside potential. Silver's relative strength against gold is highlighted, with a target price inferred around $20.00 and a fail bound below $16.00. Gold is also expected to rise, targeting $2200.00 with a fail bound near $1800.00, and GDX is projected to target $35.00 with a fail bound around $20.00. The rationale points to historical instances where monetary easing and economic stress, rather than tightening, have historically supported gold prices. The recent price action in silver is noted for its resilience during pullbacks, suggesting underlying demand. The analysis dismisses the common notion that rising rates are always detrimental to gold, suggesting instead a more complex interplay between monetary policy, market sentiment, and the intrinsic value of these metals as a hedge against inflation and monetary debasement. The argument is made that prolonged monetary easing and the increasing supply of fiat currency provide a fundamental backdrop for these precious metals to outperform, despite potential short-term volatility or headwinds from rising interest rates.

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