Tentatively Bullish Signs for Gold and Silver Prices

November 17, 2023

by David Brady Sprott Money

The Fed is done tightening. The core CPI has confirmed it. Now it is just a matter of how “Higher for Longer” it will be before we get rate cuts and QE on steroids, all of which will make the $6 trillion printed since March 2020 look like pocket change. Ciao to foreign buyers of U.S. debt. Goodbye dollar.

The only obstacle to higher Gold and Silver prices is the Bullion Banks. But they can only maintain an organized retreat. Said differently, they can slow the coming rally, but they can’t stop it. If they try, they’ll get run over, much like in Palladium in 2018 and Nickel in 2022.