by Craig Hemke, Sprott Money:

We’ve been waiting all year for the eventual Fed “pivot”, but there are no signs of it yet and, for now, COMEX precious metal prices continue to fall.

And what a strange year it has been. In our annual forecast we wrote back in January, we stated that “2022 was going to be a volatile and unpredictable year”, and that has certainly proven to be the case. After an early March rally to near $2100, COMEX gold has fallen over 20% to its recent lows near $1625. So have we seen the lows yet? Maybe not.