As Gold Tops $3600, Caution Is Warranted | Steve Penny

Steve Penny (https://silverchartist.com/) discussed the ongoing rally in precious metals, highlighting gold’s surge above $3,600 and the possibility of reaching $15,000 over the course of the bull market. He explained that while short-term caution is warranted due to overbought conditions, long-term fundamentals remain very bullish. Silver has broken through $40 with potential to climb toward $50–$75, while platinum still trades at about half of its all-time high, making it an undervalued opportunity for physical holdings. Uranium also stands out, with strong supply-demand fundamentals and the growing push for nuclear power supporting much higher prices. Overall, Penny emphasized the importance of having a strategy for navigating volatility, noting that while pullbacks are likely, the broader trajectory for hard assets remains decisively upward.

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INTERVIEW TIMELINE:
0:00 Intro
1:30 $3600 gold
6:50 Silver update
9:45 Gold miners
10:30 Platinum update
12:15 Uranium update
14:50 Bottom line in gold
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