Скачать или смотреть Unbelievable! Precious Metal's Price to Hit All-Time High in 2023, Francis Hunt | Gold and Silver

Unbelievable! Precious Metal's Price to Hit All-Time High in 2023, Francis Hunt | Gold and Silver

Francis Hunt, a seasoned expert in the field of finance and precious metals, brings valuable insights to the market through his in-depth analysis. The Gold Rush typically occurs during the summer months, from the latter portion of July through the end of August. According to Francis Hunt's analysis, there may be a slight initial increase in the ratio of gold and silver, followed by a disorderly decline. This could potentially result in silver prices rising as gold reaches near 3000$ and silver hits 65$.
Gold-to-Silver ratio overshot to 126.43 during the Covid-19 scare in March 2020. This is an all-time high and arguably unsustainable when measured by many different matrices. The current ratio of 78-79 is still considered to be elevated by historical average.
As AUG has inverse correlation to the price of the underlying metals (gold and silver), lower ratio suggests that we should expect the price of gold and silver to continue higher in the second half of 2023.
The latest Kitco News Weekly Gold Survey shows that retail investors expect gold prices to push back to within striking distance of 2,000$ an ounce even as the Federal Reserve is all but guaranteed to raise interest rates another 25 basis points next week. Meanwhile, market analysts, while bullish, also appear to be more cautious.
Francis notes that the dollar's weakness against other currencies is crucial bullish scenario for precious metals.
The GOLD Price has reached a renewed two-month high, maintaining its strength despite a slight retreat from the daily peak. This rise can be attributed to the broad retreat of the US Dollar and the sluggish market conditions.
During the interview Francis expressed the positive momentum for gold and its potential to gain strength against multiple currencies, signaling a potential bullish trend in the precious metal market.
Precious metal prices (especially silver) began a brief rally on July 12 before retreating again. Many remain optimistic that gold prices will continue upward until the end of 2023. However, gold and other precious metals markets still face some bearish pressure. As the US dollar dropped, precious metals became more affordable for investors. However, many are still expecting another interest rate hike from the hawkish Fed, which is dampening the optimism of the bulls.
Francis points out that gold's recent reversal against other currencies, such as the Euro and the Pound, is a significant indicator of its strength. The correlation between gold and all currencies including euro, yen and US dollar combined is -0.70, which means that there is a strong inverse relationship between the two.
Silver managed to rise more than any of the other precious metal prices throughout early and mid July. Similar to gold, silver displays bullish momentum in the short-term.

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