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It'll Happen OVERNIGHT! The Fireworks Will Start Soon & Gold Will SHOCK THE WORLD - Peter Schiff As the global economic landscape shifts, gold is once again capturing the attention of investors and analysts alike. Peter Schiff, CEO of Euro Pacific Capital Inc. and founder of Schiff Gold, parallels the current gold price movement and the dramatic rise witnessed from 2001 to 2011 when gold surged from 270 to 1900 dollars per ounce. After a decade of sideways trading, Schiff posits that we are entering a new bull market for the precious metal. Recent market activity seems to support this view. Gold prices rebounded early Friday, building on Thursday's late recovery. This uptick is primarily attributed to the renewed weakness in the US Dollar, particularly evident in the USD/JPY sell-off and negative US Treasury bond yields. Despite a brief 1% correction on Thursday due to disappointing US economic data, the short-term technical outlook for gold remains bullish, with key support holding at 2,470 dollars. Schiff argues that this gold rally is intrinsically linked to the Federal Reserve's anticipated shift towards an easing cycle. The weakening US dollar serves as further evidence of this trend. Recent US economic data appears to be paving the way for interest rate cuts, with financial markets already positioning themselves for this move. The Federal Reserve's July meeting minutes revealed that a “vast majority“ of policymakers agreed on likely beginning policy easing next month, lending credence to Schiff's predictions. This potential monetary policy shift could have far-reaching implications for gold prices. Historically, periods of low interest rates and quantitative easing have favored gold, as it becomes more attractive as a store of value when fiat currencies face inflationary pressures. In a striking display of resilience and growth, gold has significantly outperformed the Dow Jones Industrial Average over the past 23 years. While the Dow has quadrupled in value, gold has surged eightfold, cementing its status as a formidable long-term investment. This impressive track record has caught the attention of investors and analysts alike, with some predicting even greater heights for the precious metal. Peter Schiff has made a bold projection: gold could reach 20,000 dollars per ounce, representing an eightfold increase from its current price of around 2,500 dollars. While this forecast may seem ambitious, it reflects growing optimism in the gold market. This bullish sentiment is not limited to long-term projections. Wall Street is increasingly turning positive on gold as the Federal Reserve appears to be inching closer to interest rate cuts. Bart Melek, global head of commodity strategy at TD Securities, recently told Bloomberg that gold could hit 2,700 dollars per ounce in the coming quarters, citing the prospect of Fed easing as a critical driver. Follow on X: “Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you're a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals. Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips“ We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news. We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video! #gold #goldpriceprediction #peterschiff
