Sprott Money News

Gold Price Projections for June

05.16.2024 - By Sprott MoneyPlay

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In today’s episode, Craig Hemke and Chris Vermeulen discuss the seasonality of markets, historical market patterns, and how the U.S. election year might influence market dynamics. They also cover:

Outlook for General Equities Markets: What is the current state of the stock market?

Sentiment Analysis and Market Psychology: Why does Chris emphasize the importance of gauging investor sentiment? What is the potential impact of widespread bearish sentiment, short positions, and the likelihood of a short squeeze in the stock market?

Precious Metals Projections: Chris and Craig analyze the monthly chart for gold, discuss resistance levels, and mention the potential for a significant rally in precious metals. They also caution about possible pullbacks and highlight the need for investors to manage their emotions.

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