Gold and silver are shiny metals people buy when they are scared of problems with money or war. Recently, there was a big fight between some countries and gold and silver prices went down because people were less scared. This is good news for people who want to buy more gold and silver because now it's cheaper than before. But be careful, the shiny metals might go down a little more, so keep an eye on them. Read from source...
1. The author starts by mentioning a military conflict between Israel and Iran as the main reason for gold and silver's recent price drop, but fails to provide any evidence or logical connection between the two events. The reader is left wondering how a military attack can affect the value of precious metals in such a short time span.
2. The author claims that the U.S. taxpayer will be keen to compensate Israel for its loss, but does not explain why this would have any impact on gold and silver prices. This statement seems more like an attempt to manipulate emotions rather than provide a rational argument.
3. The author asserts that Iran has much more modern and powerful missiles than Israel, and implies that this gives them an advantage in a potential future conflict. However, this claim is not backed up by any data or sources, and it seems to be based on the author's personal opinion rather than factual evidence.
4. The author argues that the core drivers of the gold and silver bull market remain firmly in place, but then contradicts himself by saying that this correction is a perfect opportunity to build positions at better prices. This inconsistency undermines his credibility as an expert on the subject.
5. The author provides price targets for gold and silver based on their recent lows, but does not explain how he arrived at these numbers or what factors are influencing them. He also fails to acknowledge that markets are inherently unpredictable and that no one can accurately predict future prices with certainty.
Bearish
Key points:
- Gold and silver have corrected recently due to various factors, including Israel's attack on Iran and the U.S. taxpayer's support for Israel
- The correction is seen as an opportunity to buy more gold and silver at lower prices before the next upleg
- The downside targets for gold and silver are $2250 and $26.50, respectively, which are close to their current levels
- The core drivers of the gold and silver bull market remain in place, such as currency debasement and the collapse of the financial system
Summary:
The article argues that the recent correction in gold and silver prices is a buying opportunity for investors who believe in the long-term potential of these precious metals. The author cites several factors that have contributed to the decline, such as geopolitical tensions between Israel and Iran, but also maintains that the fundamentals for gold and silver are still strong. He provides some technical analysis to support his view that the correction is near its end, and suggests that the downside risks are limited at this point.
1. Gold and silver correction underway
2. Buy gold and silver on dips as the core drivers of the bull market remain in place
3. Expect a rebound in precious metals prices after the correction is over