by Craig Hemke
Sprott Money
It’s that time of year when analysts and prognosticators begin issuing their forecasts for the year to come. This is always challenging business, and predicting 2023 promises to be even more difficult than usual.
My initial thoughts on 2023 are that it will be much like 2010 and 2019, years where an early or unexpected Fed pivot to loosening and QE drove strong gains in the COMEX precious metals. That part of the next twelve months seems a certainty. The only question is timing—and that’s the hard part.
Take, for example, this year. I missed on my year-end price targets because the Fed has taken longer to pause/pivot than I expected.