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A Good Week for Precious Metals Heralds a Strong 2021 - Weekly Wrap Up

December 18, 2020

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Gold crawled back above the 50-day moving average this week and silver is breaking out. Will the trends continue next year? Host Craig Hemke sits down with Chris Vermeulen of the Technical Traders to break down all the gold and silver news you need as 2020 winds to a close.

In this edition of the Weekly Wrap Up, you’ll hear:

Why gold is primed and ready for a new leg up
Which metal is really hot right now
Plus: Bitcoin’s big moves

“I really like gold. The price action we’ve seen—where it hit 1800 and kind of washed out, more or less where price broke out back last July. So that 1750 area, there was a little consolidation back in July before gold just started that massive run from 1750 all the way to almost 2100. And so, that’s where price dipped all the way back down, it got down to the 1800 -1750 area, which, believe it or not, was a Fibonacci-measured move from the August highs…”

To hear Chris’s full thoughts on this week’s gold and silver news, listen here:

Sprott Money News Â· Sprott Money News Weekly Wrap-up - 12.18.20

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About the Author

Our Ask The Expert interviewer Craig Hemke began his career in financial services in 1990 but retired in 2008 to focus on family and entrepreneurial opportunities.

Since 2010, he has been the editor and publisher of the TF Metals Report found at TFMetalsReport.com, an online community for precious metal investors.

*The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.