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Gold $3,328.75 $2.62 0.08% Silver $36.72 $(0.11) -0.3% Platinum $1,377.76 $4.36 0.32% Palladium $1,137.91 $3.61 0.32%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

Despite a building overbought condition in gold and silver, prices continue to extend on the upside this morning in what we consider long-term fundamental-based investment trading.

Evidence of the bulls piling on the trade was seen overnight from Commerzbank predicting gold to reach $2150 in the second half of next year and silver to reach $30 per ounce by the end of next year.

As we have indicated in financial market coverage all week the magnitude of the anticipated pivot by the Fed, after a historic rate hike cycle obviously justifies a significant and sustained reaction in precious metal prices...[MORE]

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