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Precious Metals Outlook
U.S. debt levels cannot keep rising indefinitely, while capital continues to flow into precious metals.
If the current pullback creates another opportunity, I believe gold could target $4,400 and silver could move toward $65.
That’s why I didn’t sell even when silver broke down to $59. In my view, the breakdown was mainly a shakeout—flushing out bottom-fishing longs and triggering panic selling.
#DailyOrbit
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