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Gold/Silver: It’s time to re-examine precious metals – Phil Streible

Pabio November 7, 2024

In a recent comment from Blue Line Futures LLCPhil Streible shared his thoughts on the potential impacts of the recent US elections on precious metals and other commodities.

Phil Streible offered a detailed analysis market reaction to election results. He highlighted the initial liquidation of gold and silverattributing it to factors like a stronger dollar and rising interest rates. However, Streible stressed that this could be a short-term decline and that the long-term outlook for precious metals remain optimisticparticularly in light of potential inflationary pressures.

Furthermore, Streible emphasizes the upside potential for industrial metals like copper and silverdriven by anticipated infrastructure spending and industrial activity, particularly in China. It also highlights the important role of the Federal Reserve’s monetary policy decisions in shaping the market. As Streible noted: “The Federal Reserve Monetary Policy will play a crucial role in shape market direction“.

A Deeper Dive into Analytics

Streible noted that the first market reaction to election results was largely driven by a reassessment of expectations. As investors understood the implications of the new administration’s policies, a clearer picture began to emerge. Although the near-term outlook for gold and silver may be somewhat uncertain, the long-term fundamentals remain favorable.

The potential for increased infrastructure spending, both domestically and internationally, could boost demand for industrial metals like copper and silver. Additionally, concerns about inflation and currency devaluation could further strengthen the appeal of precious metals as a hedge against economic uncertainty.

The Federal Reserve’s monetary policy will play a crucial role in shaping the direction of the market. Although the Fed might be inclined to maintain a strict monetary policy to combat inflationit will also need to be balanced with concerns about economic growth. Any change in the Fed’s stance could have significant implications for precious metals and other asset classes.

A word of warning

Although the long-term outlook for precious metals appears promising, it is important to remember that markets can be volatile, and unforeseen events may impact prices.

As the market continues to evolve, it will be essential to monitor key economic indicators, geopolitical developmentsAnd central bank policies. By staying informed and adopting a disciplined investment approach, investors can navigate the complexities of the precious metals market and potentially capitalize on future opportunities.

Watch the full interview:

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This article is for informational purposes only. The opinions and analyzes presented here are those of the author and do not constitute financial advice. The Jerusalem Post (JPost.com) does not endorse or recommend any investment based on this information. Investors should consider their financial situation, investment objectives and risk tolerance before making a decision. It is recommended to consult a qualified financial advisor. JPost.com is not responsible for any investment losses resulting from the use of this information. The information provided is for educational purposes only and should not be considered trading or investment advice.

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