After being involved with futures and commodities for 20 years and as another year comes to a close, it's time to write my favorite article. Writing a 2023 year-end prediction is like trying to drive across the country using a foldout paper,"Rand McNally Map." Some general guidelines help, such as interstates that end in 0, like"I-80," stretch across the country from East to West, while odd numbers like I-65 run North and South.
So let's get into it. While precious metals are finishing the year on a solid note, it's no secret that they have fallen short of my predictions year after year. Logically, $2,500 Gold, $100 Silver, $2,000 Platinum, and $5 Copper on December 31, 2023, would make even the Grinch himself happy. The reality is just like any road trip, we will run into some traffic jams, a couple of detours, and, if we are lucky, just one flat tire.