Gold is Temperamental, Silver is Really Temperamental, but There is a Long List of Bullish Drivers

As the dollar continues to fluctuate, most downward , look for gold and silver to be the alternate investment, because of the pressures from the growing Federal deficit blamed in part because of COVID-19 rescue efforts or more importantly, the wildly spending by Congress – especially on their pet pork barrel projects – which will do little to ease the pain of unemployment.

Naturally, this will cause both to rise to new heights as it becomes the watchful eye of investors – a ranking in the favorites. Election year uncontrolled spending will be a major contributor to this. I expect gold to be in the $2,500 range by year-end with continued appreciation in 2021. Silver, the little brother to gold, should follow a similar pattern to gold but at a slower pace.