Precious Metals Monthly Projections -Video- Jan 2022

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Published : January 21st, 2022
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Category : Market Analysis
24hGold - Precious Metals Mont...

Chris sits down with Craig Hemke of Sprott Money to talk about their Precious Metals forecast, latest moves, and this year’s projections.

From a long standpoint, the dollar index has covered a huge range. From a shorter-term view, the dollar has put in what looks to be a double bottom, rounding formation, and a series of bull flags. When there is fear in the market we tend to see the US Dollar rally as a cash safe haven. This week, we are starting to see some good traction with the US Dollar.

Gold serves as a global safe haven – it’s driven by countries that believe in physical metal. Though it can sometimes trend along the same lines as the US dollar, this is not always the case. Ideally, we want to see Gold break through the pivot point of $1800. The question remains, when will it finally break up to the upside?

Bonds have been trading sideways for a while now, and there is not much indication that this will change within the next few months. We saw this pattern back in 2008 when everyone piled into Bonds as a safe haven play, opting to avoid the stocks due to the financial crisis. So where did the money go? People invested in precious metals. The charts are now indicating a rinse and repeat may be forming.

Silver has recently moved above some key moving averages. We are seeing higher highs and higher lows indicating a new uptrend may be beginning. For a short-term trend, we have a nice bull flag forming. A good sign now would be to see a consolidation before it continues to gain traction.

Overall, the precious metals market is at a pretty big turning point. It will be very interesting to see how precious metals and miners move going forward.


24hGold - Precious Metals Mont...

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Disclaimer: None of this material is meant to be construed as investment advice. It is for education and entertainment purposes only. The video is accurate as of the posting date but may not be accurate in the future.

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Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and author of the book: 7 Steps to Win With Logic Through years of research, trading and helping individual traders around the world. He learned that many traders have great trading ideas, but they lack one thing, they struggle to execute trades in a systematic way for consistent results. Chris helps educate traders with a three-hour video course that can change your trading results for the better. His mission is to help his clients boost their trading performance while reducing market exposure and portfolio volatility. He has also been on the cover of AmalgaTrader Magazine, and featured in Futures Magazine, Gold-Eagle, Safe Haven,The Street, Kitco, Financial Sense, Dick Davis Investment Digest and dozens of other financial websites.
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