Commodity Trade Mantra

Posts Tagged ‘Gold and Silver Stocks’

Case for Owning Real Money - Gold and Silver Outside the Banking System

We’re in a situation on a global basis we’ve never been in before, which is that the reserve currency of the world is failing, which means you need something outside of the system. You need something that’s not electronic-based, has no counterparty risk, that’s universally recognized & of high value that could be used anytime, anywhere by anyone. That of course is gold and silver.

Silver Hasn’t Flashed This “Buy” Signal in Almost a Decade

Since peaking in 2011, silver had dropped 72%…far more than gold’s 45% drop. An asset carves a bottom when it stops falling, forms a bottom for a period of time & starts moving higher. This signals that buyers have stepped in and given the price a “floor. Like gold, silver has now completed its carved bottom. We think gold is heading much higher, but silver could go even higher.

Gold Prices Are Breaking Out; Goldman Stumped

After a long time, the Philadelphia Stock Exchange Gold and Silver Index has broken out on an absolute & relative price basis to put in what appears to be a meaning bottom that is bullish for gold and silver mining stocks. We maintain this bullish view as long as the absolute & relative price trends hold above the weekly moving averages, which should provide support on pullbacks.

Gold, Silver, Equities: Secular Megaphone Patterns

Central banks want to levitate bonds, levitate equities and repress prices for gold, silver, crude oil & other commodities. Equities have enjoyed a very long bull market. Bonds have been in a 30+ year bull market. Debt and money supply will increase, so in the long term commodity prices will also increase eventually. Higher gold, silver, and crude oil prices are coming.

Get Your Money Out of Banks & into Something Tangible: GOLD

The most important factor right now is the physical shortage of gold. The declining amounts of gold in Shanghai storage suggest we are getting close. So I expect something to happen in the physical gold markets soon. When people finally decide they want to buy gold, there probably won’t be any gold.

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