HUGE! Gold Will EXPLODE If THIS Happens - Andy Schectman

In this episode, Andy Schectman delves into his valuable insights and personal experiences within the gold and silver markets. He offers a perspective on the future of precious metals and sheds light on the bond markets while also discussing potential price trends for various commodities in 2024.

Schectman touches on silver's performance, expressing that it has fallen short of expectations, and examines how ETFs have not experienced the price increases he had anticipated. He goes on to make a significant prediction regarding the catalysts that might precipitate a banking system downturn and explores how this development could impact the future pricing of gold, silver, and the bond markets. The episode concludes with a powerful message directed towards those holding precious metals.

For individuals interested in commodities, this video provides valuable insights and predictions.

Andy Schectman has been a prominent figure in the financial services industry for more than 25 years, during which he has served as President and owner of Miles Franklin, Precious Metals.

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Gold surged to a more than two-month high on Wednesday as Middle East tensions drove investors to the safe-haven metal. Spot gold rose 1% to $1,950.67 per ounce, its highest since August 1. U.S. gold futures settled 1.7% higher at $1,968.3.

Ryan McIntyre, a senior portfolio manager at Sprott Asset Management, said gold could breach $2,000 in the near term if geopolitical conflict escalates. Gold is up over 5% in October, while Wall Street's stocks have dipped due to risk aversion.

The dollar's strength and rising bond yields could weigh on gold, according to Fawad Razaqzada, a market analyst at City Index.

Federal Reserve Chair Jerome Powell's speech on Thursday is eagerly awaited for insights into the Fed's interest rate path.

Spot silver rose 0.2% to $22.87, platinum fell 1.4% to $884.89, and palladium fell 1% to $1,132.61.

The BRICS nations, which include Brazil, Russia, India, China, and South Africa, are making strategic moves to reduce reliance on the U.S. dollar in their financial transactions, further shaping the precious metals market.

We provide the latest news and insights on gold, silver, and copper, from price trends to investment strategies. In the words of Andy Schectman, President of Miles Franklin Precious Metals, central banks' dedication to gold and silver continues to inspire, and with each revelation, we move closer to an exciting endgame in the world of precious metals.

Credits:
@arcadiaeconomics
https://youtu.be/ds7c3zAfcH8?si=hU3sXP4FW_lxSQ1N
Andy Schectman: Silver Continues To Flow Out of the ETFs
@LibertyandFinance
Bail-Ins Will SHOCK The Public | Andy Schectman
https://youtu.be/X3r2SqaCHWE?si=PmO3pm-DKOIFSAWb

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