Wall Street sees gold prices challenging $2,500 next week, Main Street sentiment is more restrained

The latest Kitco News Weekly Gold Survey has the overwhelming majority of industry experts believing gold prices could reach or surpass their all-time highs, while retail traders are a little more restrained on the precious metal’s prospects. - After a relatively slow start in the first quarter, silver is making its move, significantly outpacing gold as it trades at an 11-year high.

- It has finally happened; silver is making a move and dragging precious metals higher heading into the weekend.According to analysts, the white metal is clearly in the driver’s seat as it lagged during gold’s breakout rally in the first quarter of the year. Not only has silver rallied above $31 an ounce, but the price is trading at its highest level since February 2013. July silver last traded at $31.635 an ounce, up 4.65% on the day.

Real Vision crypto analyst Jamie Coutts says the global money supply performance of the DXY, and surging debt are keys to predicting Bitcoin's next breakout.The greatest macroeconomic story ever told? How high rates and boomer spending saved America If the boomers’ spending cushion and the Fed’s medium-high rates combine to accomplish nothing other than preventing mass unemployment, this would still be among the least damaging downturns in modern history and one of the greatest macroeconomic stories ever told.Watch your margins - Joe Mazumdar identifies miners who are winning while gold is spiking

- Copper is attracting investor interest from the Middle East, noted Joe Mazumdar, editor of Exploration Insights.On Thursday Mazumdar recorded Digging Deep with Kitco correspondent Paul Harris.The Senate joined the House on Thursday in voting to overturn the SEC’s SAB 121, setting the stage for a showdown with the White House after Biden promised to veto the bill.

Source: Financial Digest (financialdigest.net)

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