Pullback Price Targets For PM’s
PM’s have shown tremendous resilience and continue to make new ATH’s. If, the global asset selloff increases in intensity,(which I expect)leads to a PM pullback, here are my target areas. It may not happen, but if PM’s do correct, these targets would present a great buying opportunity. For Gold, $4500 should contain any selling. Silver looks like an $82-$83 zone, will do the trick. Remember, corrections are a combination of price and time. It could be sharp and short(my expectation for this one) OR it could be mild and elongated, over a longer period of time. Either way, the pause that refreshes, leading to much higher, new ATH’s, in the not too distant future.