Jun. 9 at 11:05 AM
$GOLD $SBSW $SILJ $GDX $COPX
Let’s use gold
$3,400 as a base.
Platinum should be at least 50% of the current gold value =
$1,700
Silver as I’ve been saying for 5+ years should be at 50/1 ratio at least. If not 35/1
50/1
$68
35/1
$97
Copper moves to
$6👉
$8+
Natty gas to
$10
WTI
$100 floor.
In the coming years, commodities will outperform the overall markets.
While I personally believe a named recession will occur in the next 18-24 months and commodities could/will experience a pullback, we are at historic low levels for those with a long term view.
This chart is very relevant.
