The second half of the year could be the setup for the next leg higher in precious metals, which I anticipate could be one for the history books. There is time to prepare your portfolio, but some quality juniors have already started to move.
Interest rates are falling and this is bringing in bids into gold and silver. Gold's volatility bands narrowing, this can lead to volatility within the range.
Russia announced it will eliminate the dollar from its oil fund to reduce its vulnerability to Western sanctions. The news comes just weeks before Putin and President Biden are scheduled to meet at an upcoming summit.
Gold and the precious metals are at a crossroad. We either burst higher or we could fail here. Odds continue to favour the upside. Oil prices have broken out to new highs and prints over $70 could soon come.
