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Market Outlook

Gold & Precious Metals

Summary

Gold and silver have formed extremely narrow wedge patterns, signaling an imminent breakout after prolonged price compression.

I see higher odds for an upward breakout in GLD and SLV, driven by the potential of record low negative real rates and supportive macro conditions.

GLD remains a robust hedge against negative real yields.

SLV is less sensitive to real rates but can benefit more from sustained industrial demand and a projected supply deficit.

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Gold And Silver: The Wedge Patterns Became Too Narrow

The goal of this article is to bring an observation on gold and silver to your attention.…