Silver Is Going PARABOLIC! Gold & Silver Are About to Completely Blow Through the Roof- Todd Horwitz

The precious metals market has demonstrated remarkable resilience in 2024, with gold trading above $2,300 per ounce for most of the second quarter and recording its third consecutive quarterly gain. This performance marks gold's most substantial run since the Covid-19 pandemic, defying expectations amidst high interest rates, a strong US dollar, and divergent trends in US Treasury 10-year yields and ETF holdings.
Industry veteran Todd "Bubba" Horwitz, with over 36 years of experience in finance, maintains an optimistic outlook on gold and Silver. Horwitz anticipates gold reaching $2,500-$2,600 by the end of summer, viewing recent pullbacks as natural fluctuations within the $2,300-$2,400 range.
ING's analysis aligns with this bullish sentiment, noting that gold has surged more than 15% year-to-date, maintaining historically high levels. The financial services firm predicts the rally will likely continue through the end of 2024, supported by the current global geopolitical and macroeconomic landscape.
Often overshadowed by its more prestigious counterpart, Silver is showing promising signs. Analysts believe it has a strong potential to narrow the gold-to-silver ratio and outperform gold by year-end. As of early Monday's European session, Silver was trading at $30.95, experiencing a slight decline due to renewed US Dollar demand and higher US bond yields. However, increasing speculation about potential Federal Reserve rate cuts this year may limit further losses.
Horwitz emphasizes the importance of including gold and Silver in investment portfolios for long-term protection against economic uncertainties. The complementary nature of these precious metals offers a balanced approach to hedging against market volatility and inflationary pressures.
Horwitz expresses concern over the Federal Reserve's monetary actions, particularly regarding the money supply. He argues that the central bank's continued expansion of the money supply, facilitated by the fiat currency system, lacks substantive backing and is subject to manipulation.
However, the Federal Reserve has recently announced plans to moderate its balance sheet reduction. Starting in June, the Fed will decrease the monthly cap on maturing Treasuries allowed to roll off without reinvestment from $60 billion to $25 billion while maintaining the $35 billion cap for mortgage-backed securities. This move is partly aimed at alleviating potential strain on money-market rates.
Despite these economic conditions, Horwitz strongly advises equity market investors to implement hedging strategies to manage risk despite his full market participation. He recommends a diversified portfolio including gold, Silver, and platinum for long-term stability.
Looking ahead, two major events are expected to influence gold's performance through the end of 2024 significantly: the November US presidential election and the anticipated Federal Reserve interest rate cuts. These factors are likely to contribute to gold's upward momentum. Additionally, ongoing central bank gold purchases are expected to support the precious metal's value further.

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