GoldSeek Radio Nugget - Steve Rocco: Metals Face Short-Term Weakness
Steve Rocco, of the Rocco Report, returns with Video-Charting on all the key market indexes, including Gold, Silver, Crude Oil, Bitcoin and US Stock Bourses.
- Steve updates his forecast on the black-gold market, crude oil.
- Oil is holding above support, that could precipitate if a recession unfolds in 2024.
- The technical outlook suggests bargain prices could be seen.
- On Spot-ETF news, Bitcoin nearly touched $50k this week.
- Will Bitcoin be a buying opportunity and if so, at what price?
- Gold is holding above $2,000 - will this be the year the bulls run to $2,500?
- The cost of production is near $1,650 for gold, $21-$22 for silver; our guest thinks this is key support.
- The technical position of silver is impressive - one deep pocketed investor like E. Musk could send it soaring: Optimus Prime, Tesla, SpaceX, Photovoltaics, Industrial Battery production to name a few projects.
- Once silver closes above $30, the sky could be the limit.
- Global monetary expansion and national debt has soared, while the global population nearly doubled since the last time silver was at $50 - could silver overshoot the target substantially?
- Does the lack of interest in younger generations for gold and silver suggest an asymmetrical risk-to-reward, opportunity?
- When unemployment rate starts to increase, does this metric impact US shares?
Steve Rocco's Report: https://srsroccoreport.com/
Please support the show by subscribing to our Substack with Gold Juniors and Bitcoin Investments:
https://goldseekradio.substack.com/
-
29:34
GOLDSEEK RADIO https://goldseek.com/
15 days ago $6.78 earnedGoldSeek Radio Nugget - Bob Moriarty Part 2 of 2: The Cost of Endless War
3.08K4 -
1:01:51
Crime Circus
1 day agoThe Gas Station KlLLER - Interrogation of lNSANE Man - A REAL SCARY STORY
24.3K9 -
2:56
Michael Heaver
19 hours agoFrance Rejects NUCLEAR EU Proposal
27.9K11 -
1:13
OfficialJadenWilliams
16 hours agoRestaurant Mishap
28.9K4 -
25:06
ScammerRevolts
15 hours agoScammer BEGS Me For His Info As I Troll Him!
13.4K5 -
4:04:04
Rekieta Law
9 hours agoThe Results of My Appeal Are In! I Wonder How It Went?!
38.7K30 -
2:49:04
Fresh and Fit
10 hours agoAfter Hours w/ Girls
146K277 -
6:54
Breaking Points
19 hours agoCraven Diddy APOLOGIZES After Hotel Assault Video
34.4K33 -
3:41:38
The Jimmy Dore Show
2 days agoThe Jimmy Dore Live Panel Show
256K324 -
1:24:43
Fresh and Fit
15 hours agoSteve Mayeda On How Child Custody Battles Can Ruin Men's Lives
81.2K30