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| Name | HUGE NEWS! Gold & Silver Prices Will Go Crazy Overnight When This Happens in 2024 - Jeff Clark |
| Video Uploader | Video From Money Sense |
| Upload Date | This Video Uploaded At 05-06-2024 20:08:09 |
| Video Discription | HUGE NEWS! Gold & Silver Prices Will Go Crazy Overnight When This Happens in 2024 - Jeff Clark An accomplished analyst, author, and speaker, Jeff Clark is a globally recognized authority on precious metals. From a technical perspective, Jeff Clark conveys strong optimism about the future of silver and gold, highlighting their recent significant upward trend. He sees this as merely the beginning of a prolonged rally, underpinned by historical data indicating that silver frequently experiences spikes, irrespective of broader market conditions. Precious metals bulls argue that with prices no longer excessively high, the upward trend could continue, especially given underlying factors such as ongoing central bank gold purchases and the role of precious metals as an inflation hedge. After years of excessive inflation, fiat currencies have significantly depreciated, leading some investors to see precious metals as a reliable protection against inflation. Despite the possible corrections, Clark predicts the current trend in silver and gold will continue. He cites the 2001-2011 bull market and the 1979 silver mania, where significant corrections were normal but did not prevent an overall upward trajectory. Silver prices rose on Friday after a two-day hiatus, and they are on track for the largest monthly profit since 2020, based on strong retail demand. The white metal benefits from slower US 10-year treasury yields, as investors now await crucial US personal spending data, which will help determine the likely path ahead for monetary policies. While expressing confidence in silver's future potential, Clark notes its current CPI-adjusted price of 75 dollars per ounce. He acknowledges investors' frustrations but emphasizes silver's value, humorously describing it as the "crazy cousin" waking up after a long dormancy. Historically, silver experiences sharp price spikes, averaging 150% gains. Even excluding the dramatic 1970s, silver tends to double during bull runs. In recent days, precious metals have struggled to maintain their gains, and Friday's much-anticipated Core PCE data did not alleviate concerns about the "higher for longer" interest rate narrative. Without significant new bullish catalysts, metals traders have been content to take profits after a strong year in the sector. During the interview, Jeff Clark emphasizes investing in smaller producers and junior mining companies over major ones like First Majestic Silver. Clark points out that junior silver miners have historically seen substantial returns, with gains of over 2,300% in the 1970s and 1,600% from 2001 to 2011. He predicts that juniors are undervalued and poised for significant gains, especially if silver reaches 50 dollars. Regarding the evolving use of silver, Clark discusses a gradual shift towards more industrial applications. However, he emphasizes that silver's price behavior remains responsive to monetary issues despite this shift. Clark notes silver's 40.7% increase since February 29th, surpassing gold's 15.5%, and anticipates silver's continued outperformance. Year-to-date (YTD), silver has shown a pronounced increase of 32%, with its current price reflecting its dual appeal as both a monetary asset and a critical component in various industrial applications. Given its substantial industrial demand, significant supply deficits, and strong price performance, silver appears poised to outperform gold by 2024. Follow on X: https://twitter.com/MoneySense_Off "Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you're a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals. Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips" We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news. We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video! #gold #goldpriceprediction #jeffclark |
| Category | Howto & Style |
| Tags | #Gold | #Silver | #Dollar | #Investing | #PreciousMetals | #FinancialMarket | #Economy | #Currency | #WealthPreservation | #InflationHedge | #SafeHaven | #MarketAnalysis | #PortfolioDiversification | #MonetarySystem | #FinancialProtection | #GlobalEconomy | #Commodities | #AssetProtection | #Money | #FiatCurrency | #MoneySense | #JeffClark |
