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This interview was filmed on September 22, 2022.
The gold price has disappointed investors in 2022, and Nick Santiago of InTheMoneyStocks.com believes it still has further to fall. However, he thinks its sister metal silver has bottomed.
“I think silver is starting to break out already — that chart is amazing,” said Santiago. “I think silver is going to lead the way — gold will play catch up once it gets to that US$1,500 range.”
#Investing #Gold #Silver
0:00 – Intro
0:32 – US$1,500 is still Nick’s gold price target
3:10 – When will the US dollar lose strength?
5:21 – Fed will keep hiking, market will face pain
8:25 – Silver bottom is in, chart looks “amazing”
11:52 – Timeline for US$30 and US$50 silver
16:02 – Gold stocks, oil, other areas of interest
19:25 – Sectors Nick is staying away from
22:15 – 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.