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With gold near US$2,000 per ounce and silver close to US$25 per ounce, investors want to know where prices are headed next. Jeff Clark of TheGoldAdvisor.com thinks gold has the potential to hit US$2,500 this year, while silver could reach US$30.
“I think this is the time you need to get long,” he said. “I don’t think — gold’s not going back down to US$1,500, silver’s not going back down to US$15. The only way they would have a crash at this point is if all markets crashed like we saw in the COVID crash — everything crashed temporarily. That’s the only thing that’s going to cause that.”
This interview was filmed on April 6, 2023.
#Investing #Gold #Silver
0:00 – Intro
0:40 – Current resource sector sentiment
2:48 – Gold’s most important drivers right now
7:05 – The Fed, inflation and the banking crisis
11:24 – Is US$2,000 a good price for gold?
14:53 – Gold stocks need this catalyst to move
17:00 – Volatile silver can hit US$30 this year
22:29 – Why Jeff prefers junior explorers
24:06 – Final thoughts — “you need to get long”
26:16 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.