This is My Warning to You ALL! Something Big is About to Happen to Gold & Silver - Mario Innecco

In his recent testimony before Congress, Federal Reserve Chair Jerome Powell reiterated the likelihood of policy easing being "appropriate" at some point this year. However, persistent inflationary pressures and a resilient labor market may delay early rate cuts.
Renowned investor Mario Innecco anticipates that central banks will soon need to loosen monetary policy due to the cumulative effects of previous rate hikes. He suggests that gold's current performance may signal impending economic challenges and the necessity for accommodative monetary measures.
The record-breaking streak in gold prices persisted throughout the week, fueled by mounting expectations of a rate cut by the US Federal Reserve following Jerome Powell's congressional testimony. Spot gold prices reached a new pinnacle on Friday, briefly surpassing the 2,200 dollar mark.
According to the CME Group's FedWatch Tool, nearly 70% of US investors anticipate the Federal Reserve commencing interest rate cuts in June, a notable increase from 58% just a week ago. In a research note, Citi underscored that uncertainty may continue to bolster gold prices. At the same time, analysts at Berenberg suggested that a potential victory by Donald Trump in the US presidential election would further enhance gold's prospects.
Innecco highlights significant gold demand from non-Western countries, particularly China and other Brics nations, showcasing record gold purchases by these countries since 2022. This underscores strong global demand for gold, particularly from regions seeking to diversify their holdings with hard assets, especially in light of strained relations with the United States.
Over the past six months, China, Germany, and Turkey have predominantly embraced this diversification strategy, emphasizing their pursuit of gold to bolster their holdings. This strategy is crucial for countries with strained diplomatic ties with the United States.
Silver has recently outpaced gold in percentage gains, with the white metal experiencing a 1.17 dollars per ounce increase, equivalent to a 5% rise, compared to gold's 4.5% uptick.
Despite this, silver is in a challenging position, stuck within a range it has traded in for the past four years. It currently sits approximately 5 dollars per ounce below its 2020 peak and $25 below its all-time high. Traditionally, silver and gold have exhibited a tight correlation, but in recent years, silver has generally lagged behind its counterpart, falling short in the current bull market.
Mario Innecco emphasizes the significance of the 26 dollars per ounce level as a crucial resistance point for silver. Once breached, Innecco anticipates a swift upward movement towards the 30 dollars.

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