Don't look now, but #gold is approaching its all time high as #silver cracks resistance at $24.50.
The #BankCrash, #unemployment, and #inflation are causing the metals to wake up.
Let's go! pic.twitter.com/OrS3PkevVi
— Rob Kientz | Gold Silver Pros (@goldsilver_pros) April 4, 2023
#Gold jumps 1.8% to $2021/oz, just 1.4% shy of an ATH on a weaker Dollar as Fed tightening assumptions faded, w/market now pricing in a 4.13% year-end Fed Funds Rate, down 17bps vs. Monday. pic.twitter.com/TygLGJa0FE
— Holger Zschaepitz (@Schuldensuehner) April 4, 2023
Gold and Silver breaking out to 12 month highs today … and this is just getting started.
We are looking at a multi-year bull market … I am not going to be one of those guys saying $8,000 #gold (because @pizdets17 will get upset at me) but $2,500+ gold and $35+ #silver is… pic.twitter.com/50j6iD4HqG
— Wall Street Silver (@WallStreetSilv) April 4, 2023
The PetroDollar is dead …
One of the key supports for the US Dollar since 1971 when we ended the gold standard … #gold and #silver are going much higher. pic.twitter.com/WNmTcmyzb1
— Wall Street Silver (@WallStreetSilv) April 4, 2023
Gold Prices Are Near All-Time Highs. 3 Reasons for the Rise: Barron’s
Gold prices are headed toward record highs Tuesday—and they might not stop there.
Silver Price Skyrockets As Dollar Tests New Lows
Silver moved towards the $25.00 level as traders focused on weaker dollar and falling Treasury yields. It should be noted that silver managed to get above the important resistance area at $24.00 – $24.50, so a potential short squeeze may serve as an additional positive catalyst for silver markets.
Time Could Be Running Out to Buy Gold at These Prices
Gold appears to be well-positioned for a strong pump that could carry it to new all-time high prices in 2023—and beyond. As you know, I’ve been following and writing about the precious metal market for a very long time, and I see a number of unique catalysts at the moment that could contribute to higher gold prices. If you’re underexposed or have no exposure, time could be running out to get in at these prices.