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Steve St. Angelo: Gold and Silver Prices Face More Volatility With a Looming Deflationary Crash
Steve St. Angelo, founder of the SRSRocco Report, discussed a wide range of fundamental factors impacting precious metals, energy, and the broader economy, cautioning against sensationalist price targets. He argued that the recent parabolic surge in gold and silver, driven by massive FOMO, leverage, and specific narratives like a supposed Chinese export ban, has resulted in a necessary consolidation phase.
Current margins for miners are historically high, but a correction is likely not over, with technical gaps suggesting potential downside to $3,500 gold and $55 silver, especially during a…
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