The Federal Reserve is meeting next week with a rate hike almost 100% priced in.. how are the precious metals going to react?
I'm a stacker, like so many of you all on Steemit.. and yes, I get frustrated with the manipulation day in and day out in the market. But I thought it would be good to look at the long term picture:
Gold is clearly making a giant bull flag, which is signaling higher prices in the future. Could gold go lower in the short term? Yes.. there is room for gold to drop in the short term. But I still have a price target for gold around 1550 by late 2017 or early 2018. I'm not as good at day to day predictions, but the US stock market is way overvalued in my opinion and is at least due for a correction. I'm interested to hear other opinions and predictions!