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Silver & Gold Soaring: What to Watch For!

April 16, 2023

 

We sit down with Cornell University's Professor of Chemistry, Dave Collum, about the potential impact of lower CPI numbers on Gold and Silver. Dave thinks that if gold breaks through the $2,000 resistance level, a technical event will drive it higher, regardless of what the Fed does. He also believes that the Fed will continue to hike rates to break the spine of speculators and that a severe downdraft in pricing is needed to cut into a recession. Furthermore, we discuss the possibility that Russia wanted the war with Ukraine to trigger a phase change in geopolitics. Dave has been trading gold and silver for over 20 years and predicts a positive outcome for both metals.

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The Incas thought gold represented the glory of their sun god and referred to the precious metal as “Tears of the Sun.”
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