Silver is Getting Ready For a Big Move
There has been a lot of talk this week about about silver getting ready to make some big moves.
Graddhy’s technical analysis suggests that once silver clears an $18 price, it has clear sailing to $50 silver. James Turk’s analysis says that a possible squeeze could be taking place in the silver market as soon as next week!
For Top Citi Analyst Tim Fitzpatrick, an increase in silver price means great things for gold and could be a catalyst for unleashing gold price targets to $1645 and $2200+.
Mark Mobius – You Should Be Buying Physical Gold At Any Level
With gold still hovering around US$1500, some say a rally in gold is likely to occur given recession and geopolitical concerns. In a recent TV interview, Mark Mobius is asked at what level should people be looking to buy gold?
Are We at the Beginning of a 3 Year Up Cycle For Gold?
In this video, Tim Ord takes us through 2 key cycles he believes in when analysing gold – the 8 year and 16 year cycles.
These cycles have picked out the 2000 and 1987 lows and could also be pointing to the most powerful rally to occur over the next one-two year time frame:
Right now both cycles are heading up and the 16 year half cycle comes in the 2022/2023…vicinity and that area could be an important area for a major consolidation if not even a top…the cycles right now are majorly up…since [we are in] a major low, similar to 2000s lows, we wouldn’t be surprised if we go back to old highs or even break them…
Protect Your Wealth Against Unintended Consequences With Gold
In this article Frank Holmes stresses the importance of protecting your own and your family’s wealth against unintended consequences from ‘well-intentioned but ill-conceived laws.’ To do this, he recommends investors follow the 10% golden rule.
Using data showcasing core inflation increases since the beginning of the US trade war with China, Frank Holmes stresses the importance of gold as a great time-tested diversifier when there’s market uncertainty. He states a 10% allocation of physical gold is a rational way to hedge against poor government policies.
Gold to Surge $700!
There have been a few mentions this week of a US$2200 gold price and John Ing agrees:
America’s allies no longer trust the United States. The world today is now entering a post- globalization era dominated by populist unrest, a wrecking ball approach to multilateral agreements, and protracted tensions between the US and China. Gold is a hedge against this uncertainty, an alternative to the dollar and a defensive asset... Gold recently rose to six-year highs, buoyed by a combination of negative rates, global economic fears and the escalating tariff war. For all these reasons, central banks have bought 651.5 tonnes of gold, 74 percent above a year earlier in an effort to diversify their reserves from the US dollar…
…Gold has broken out to six-year highs after breaking through resistance at $1,250 and $1,485. We expect gold will surpass the peak in the current cycle and maintain our $2,200 target within 18 months.
