Gold/Silver: Our other top commodity picks

Finally,November is here, and the initial setup for the first week will be challenging,especially for the Gold market. We expect the Federal Reserve to acknowledgethe effectiveness of the QE program since the pandemic started, and with Covidcases declining, there will now be a need to taper. They will reduce assetpurchases by $15 billion each month, effectively taking it to zero by June,when their focus shifts to interest rate hikes. Additionally, Friday, we willhave the latest jobs reading, and with two straight months of disappointingfigures, we could be setting ourselves up for a blowout number.

I must reiterate that it is essential to have a "real assets"portfolio beyond Gold and Silver due to the type of inflation that we willcontinue to see. We will be targeting Copper, Platinum, Crude Oil, Wheat,Cotton, and Coffee. For many of these commodities, I have discussed the bullishnature of the fundamental backdrop in previous articles written.If you have never traded futures or commodities, I justcompleted a new educational guide that answers all your questions on how totransfer your current investing skills into trading "real assets,"such as the 10 oz Gold futures contract. You can request yours here: Trade Metals, Transition your Experience Book.

Weekly Platinum Chart

For those committed to metals, I would focus on far-dated Platinum futures asthe price trends lower. The current chip shortage has forced auto manufacturersto cut production temporarily; however, once they resolve the bottlenecks, weshould see auto manufacturers replenish their stockpiles. Ideally, a strategywe would implement for accounts 50K and up would be to buy 50 ounces ofPlatinum at $1015/oz and any decline below $995/oz and hold for a potential riseto $1250 by year-end 2022. If you would liketo learn more about technical analysis, we have updated the guide to provideyou with all the steps to create an actionable plan used as a foundation forentering and exiting the market. You can request yours here:5-Step Technical Analysis Guide to Precious Metals.

By Phillip Streible

Contributing tokitco.com

Follow @KitcoNewsNOWphil@bluelinefutures.comwww.bluelinefutures.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

AOCE and WB boost gold targets for 2025 significantly

Gold and silver price ETFs see major net outflows

Gold stocks decline by less than metal price

A shift to the later stages of gold and silver bull markets

Gold stocks plunge on metal drop