Looking For a Low – July 2023

July 12, 2023

by Craig Hemke Sprott Money

Precious metals prices have endured another two-month correction but are seemingly very close to turning the corner as they paint another “higher low” on their charts. How close? Let’s discuss that today.

First of all, my friend David Brady has been writing about this over the past two weeks, too, and if you’ve missed his commentary, both articles are linked below:

For the entirety of 2023 this far, my own analysis has suggested that the first half of the year would bring flat/sideways prices in a manner similar to 2010 and 2019, two previous years that brought Fed monetary policy shifts. Thus far, that has been the case as COMEX gold is up about 6% year-to-date with COMEX silver down 0.1%.