Gold headed toward $3,500 and silver toward $50 before the next run, Chambers says - KITCO
Gold headed toward $3,500 and silver toward $50 before the next run, Chambers says - KITCO
Source: KITCO
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DW NOTE
Chambers is calling a floor on metals that are already well below it. Gold sits at $4,070 — not $3,500 — after a 23.5% drawdown from January's high. Silver is at $59, not climbing toward $50. You cannot call a target that price has already passed through unless you are predicting a collapse first, and Chambers offers no such view. The note confuses direction with aspiration.