Commodities Analysis and Opinion

Gold Approaching Target

2022.12.01 15:40

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Tim Knight

Precious metals reached escape velocity, fuelled by the crumbling . The arrow below marks, in my opinion, the highest target for SPDR® Gold Shares (NYSE:) right now.

Gold Chart.

In turn, the miners are doing great, but the measured move (a little under $40) is coming up fast.

VanEck Junior Gold Miners ETF (NYSE:):

GDXJ Chart.

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