Metals growth driven by central bank buying, says Blue Line Futures' Phillip Streible

Group 1: Market Outlook - Gold futures are projected to potentially reach $5,500 by 2026, while silver futures could hit $11,520 due to market volatility [1] - Continued central bank buying and private investor ETF flows are driving demand for gold and silver, with expectations of two interest rate cuts by the Fed [2][4] - Poland has added 150 tons of gold to its reserves, while India is reducing its US Treasury holdings in favor of gold investments [3] Group 2: Investment Trends - There is a multi-year increase in gold ETF holdings as both individuals and institutions view gold as a strong portfolio asset for diversification against inflation and geopolitical risks [4] - The traditional 60/40 portfolio strategy is being replaced by allocations to strategic commodities like gold, silver, and copper [4] Group 3: Market Dynamics - The average true range for gold is currently $95 per day, while silver is at $5 per day, indicating potential for significant sell-offs during market corrections [7] - There are multi-year supply deficits in metals, coupled with strong industrial and investment demand, creating a scenario where demand outpaces supply [7] - The market for platinum is experiencing new highs, driven by supply constraints from South Africa and Russia, which together account for a significant portion of global production [10][11]