EB Tucker: Gold's Next 90 Days, the Big Problem with Silver
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"I personally think that the gold price is set to move 10 percent — I think it's going to US$2,150, maybe up to US$2,200 in the next 90 days," said EB Tucker of the Tucker Letter.
EB Tucker, editor of the Tucker Letter, weighed in on current events and how they could affect investors, touching on the escalating Israel-Hamas war, US Federal Reserve policy and more.
He also shared his outlook for gold, saying he thinks the yellow metal is set to move 10 percent in the next 90 days. When it comes to silver, Tucker outlined his thoughts on the major problem he sees with the market at the moment.
Overall, his advice for investors was to lie low as a major reality check approaches in the spring of 2024.
"As an equity investor all the way in North America, the only thing you've got to focus on here is short equities generally, long energy, long precious metals. In the short term you can be long rates; long-term interest rates are going up," Tucker said.
Watch the interview above for more of his views on gold, silver and how to invest this year.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
