Steve St. Angelo says geopolitical concerns are dying down, pushing metals prices down.
If we have a significant stock market selloff, gold and silver could fall further.
However, we’re much closer to the metals’ lows than the stock market’s lows, St. Angelo says.
Could gold fall as low as $1000? He says it’s possible, but highly improbable.
Gold and silver American Eagle sales are down significantly, and sentiment in the metals markets is extremely low. This signals we’re close to a bottom.
This low metals’ sentiment is coinciding with a high bullish sentiment in the stock market. A reversal is coming, he says.
About the Interviewer
Journalist Elijah Johnson, Co-Host of SD Weekly Metals & Markets, vaulted onto the economic scene after launching his “Finance and Liberty” YouTube Channel, to which he’s been called “the 16 year-old smarter than Ben Bernanke”. As one of the youngest sound money advocates around, with a eye on the national debt, the US dollar, and the gold & silver markets, Elijah is on a mission to warn and educate his generation about the risks of the current financial system, and what people can do to protect themselves.