Caution Is Warranted Heading Into Election | Steve Penny

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Steve Penny highlights the bullish long-term outlook for gold and silver, emphasizing that while prices surge, caution is warranted due to the potential for short-term pullbacks. Penny points to the Federal Reserve's unsustainable debt situation as a key factor driving precious metals, predicting that persistent inflation will support their values over the next decade. Technically, he notes that gold breaks previous resistance levels, suggesting targets between $2,500 and $3,000, while identifying key support zones for potential buying opportunities. He expresses optimism for silver, pointing out its favorable risk-reward ratio and the potential for significant upside. Additionally, Penny discusses the undervaluation of platinum, suggesting it could catch up to gold and silver in the coming months.