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Under no circumstances allow them to implement the international tax!!!
#GDXJ: The Fed Goes Full Dove...
https://www.silverdoctors.com/gold/gold-news/the-fed-goes-full-dove-rocket-fuel-for-gold-silver-and-mining-stocks/
The Fed Goes Full Dove: Rocket Fuel For Gold, Silver and Mining Stocks
August 1, 2021 1232
The degree to which the policy stance has moved back to 100% “dovish” has been understated…
by Dave Kranzler of Investment Research Dynamics
I ordinarily do not spend time reading the FOMC policy statement after it’s released, saving that brain damage for CNBC. But I read the June release to assess for myself whether or not the Fed had tilted toward a more “hawkish” policy stance and decided that it had not. Because I’m starting to turn bullish on the precious metals sector, I decided to read the July release as well and compared it to the language in the June statement to see if the language had shifted. The degree to which the policy stance has moved back to 100% “dovish” has been understated by the mainstream media.
As an example, the Fed removed the dollar amount of its monthly Treasury and mortgage purchases ($80 billion and $40 billion). In its place it said that it would continue buying these securities “at least at the current pace.” I interpret this language – and the removal of the specific dollar amounts – as opening up the possibility of increasing the amount of monthly QE. In other words, removing the specific dollar amount levels is a subtle way to remove the boundaries on the dollar amount. The Fed also minimized its view of price inflation by referencing “muted inflation pressures.”
I have said all along that the Fed would eventually be forced to print a lot more money and I believe the new language and phraseology of the latest policy statement is setting up this eventuality. This will be rocket fuel for gold and silver. Craig “Turd” Ferguson invited me onto this Thursday Conversation podcast to discuss the Fed and the precious metals sector – click on the graphic below to access the fun:
CLICK HERE FOR PODCAST (HOSTED ON TF METALS REPORT)
Gareth Soloway: Gold Forming Bullish Pattern, Factors Holding Silver Back
“AABB’s other mining project at Colima, Mexico, is currently awaiting special permitting at any time to continue moving forward rapidly with the first phase of operations development to expand the infrastructure, conduct further geophysics capture, initiate a drilling exploration program and build site preparations for facilities installations.
To improve the Company’s efficiency and control, a new mining operations storage and processing facilities building in Buenavista, Jalisco, Mexico, is now open to serve as a central warehouse hub for AABB.”
https://asiabroadbandinc.com/offices
Nah, it's puff, puff, pass!
https://goldresourcecorp.com/site/assets/files/5897/2021_report_on_the_reserve_estimate_for_the_don_david_mine.pdf
Smoke them Chinese bonds!
https://www.cnbc.com/2021/07/21/as-china-debt-risks-grow-here-are-3-warning-signs-to-watch.html
These children of the immigrants were brainwashed by liberal hippie professors many of them imported from California to other states. I have seen it with my own eyes. Most of these professors are Dope smoking losers. Puff, puff give…….
Lowjack I agree with you entirely....here are a fun couple of facts: the democrats are 32X as likely to commit an act of violence against a Republican, as opposed to a Republican vs. a Democrat, but that is not their area of expertise. It is child sex crimes, where your democrat or self proclaimed liberal male voter is over 50 TIMES AS LIKELY TO RAPE A CHILD, AS A REPUBLICAN..
trust me, the media never says this stuff, never writes it, The LEFT hides this from the profoundly stupid chimpanzee libs, who do their crimes and things.
A PARTY OF SICK PUPPIES, and the women are as bad as the men.
chopping little kids up....unreal.
If you know a liberal man, hid your kids away from him, if you have any.
that is being conservative and responsible.
remember with sex crimes, the first time you find out a democrat male has raped a child, that is not the first time the guy did it....
far from it, it is merely the first time he got caught.
do they all do it? of course not.
If you leave your kids (or your wife does), around a democrat male, you should probably be arrested. A kid cannot defend himself from a blood rape, by a democrat male.
i agree, slam it to them. Let the yuppie lib filth get it with both barrels, these morons and mind controlled drones people. you are so right.
put the illegals all over their backyards, where their pathetically stupid kids play, and watch the yuppie slimeball women scream for mercy, scoop up their kids and run in terror into their bedrooms...the joe and hillary voters! LOL
Hilarious....put an illegal in every single demoRAT family that voted for Joe and HIllary.......
Let the phouckfaces get raped up the azz with no grease! Hilarious, as they cry for help from the NYT
If you give a liberal a book, like a chimpanzee, they will begin to tear the pages out!... This is what they are. .love your idea.
The last liberal who read a book was in 1998, that is documented, but now they just tear the pages out, rip them out...I know liberals, trust me, the california and NYC and PHilly types....They think a book is a foreign object, in fact they do not even know how to open one.....In Baltimore county, 45% of their kids cannot get even a 1.0 grade point average....do you know what that is?...swear...all democrat voters too.....so hilarious.
I know you know what that term means GPA?
Probably not a good idea to screw over a rich guy that has plenty of extra lead and copper!
"Wheaton's law": "don't be a dick".
Yes....excellent suggestion. For Now....but it is early with the western communist movement. I love the idea of Wheaton simply holding out its hand, and getting its cut per its contract, but what it the communists modify the contracts, or the laws. Contracts have no value to them nor does private property. Socialists view themselves as dictators and everybody else is essentially a tenant, whose property can be modified or taken.... This was done 3 years ago in the "democrat" republic of the congo......so it just depends on how aggressive the communist movement becomes but you better believe it is picking up momentum. Look at america for heavensakes. I want the 1 million immigrants who are illegal and who have entered the past six months to be deposited in blue states: Delaware (joe's state where I live)...california, Illinois, Mass, New Jersey... Coat these states from head to foot with illegals, put them in the backyards of the yuppies, the professional class, the flunkie Leftist gov worker class....who want to vacation at the shore or the beaches, and inundate the 5 counties that surround DC, where FBI and CIA and NSA and DOJ and the other federal workers live? Put 10 million more in these 5 counties. 10 friggin million!...wouldn't that be so fun? Keep them out of RED states for sure. Load the yuppies up with the illegals sleeping in their back yards, in their garages when they are open, on the boardwalks of NJ and NYC and Connecticut and DE and MASS....jam these 25 million illegals all over NJ and virginia beach and california! i want the yuppie filth women who voted for Joe and HIllary to wake up to illegals sleeping on their picnic tables! As the filth opne their curtains, you see a family of them, sleeping on the porches, under the boardwalks, in their gated communities what could be better! Hilarious. In the meantime I think KL -will separate itself, it is my number 1 pick...in the meantime, about 30 of the 50 states are running crooked elections with rigged machines....Coat these phouckers with 25 million illegals every foot of these states.
That's why I suggested Wheaton, Gold streaming is hard to beat.
https://www.bnamericas.com/en/features/mexicos-mining-concessions-freeze-a-survival-guide
I had to sell it quite a lot this morning. Had to do it. Took a good look at the companies in this ETF, and a lot of them own properties in aggressive communist or communist leaning companies. Many expect GDXJ to perform spectacularly in this new bull market, as it did when it peaked in around 2011 or 2012 at about 165 per share.
But the world was a far different place a decade ago. Over Half of Latin America is now communist, and a lot of these countries depend on the mining industry, Like Peru, Bolivia, Ecuador, Mexico, which just elected an out of the closet socialist president, Argentina wherethe peronists are back in power...and even Chili is now threatened, and there are so many others, like the ones in central America....which do in fact have mining companies...not knocking Latins because even America has a government now that reminds of Mussolini's in the 1930s, a fascist state which combined communism with the corporate oligarchs.
There are two choices as I see it: 1. invest in the GDX, which has the majors who are making serious money, and are better at dealing to a degree, with nascent commie governments, or 2. forgo an index, forgot that risk, and simply buy companies like KL which have smallish commie and confiscation exposure. There are not many of those companies around, ..even canada has a communist central government but so far the mining industry has been able to keep them at bay, to a degree. Remember, money talks
So if you buy gdx and kl, for instance, then the only fear is a general market collapse, which is very real.
maybe you are correct, I use charts very gingerly, to confirm fundamentals......draw me up a chart as regards fundamentals, are they anti gold and GDXJ?
a yes, I do try to catch bottoms, which can be maddening at the bottoms. Actually I am probably wrong but at least we delivered the bomb today.
it is living dangerously. We must be. we run. we are. live always in the active tense.
I bought 3 thousand shares today at 46.38 (my impression is that very few shares traded below that.....a tiny fraction as I had to work my azz off to get them. I also bought 11K in the 46.40s, and over 40K shares in the mid to low 46.50s.......had less than 5K at my highest buy point, the mid 46.60s...
I should have sold avxl yesterday and bought gdxj yesterday.
things with X's in them always tend to confuse a human
Who knows ....................but at least we delivered the bomb.
"Wing Attack Plan R."
I sold my other holding this entire day, had to do it, had to go with GDXJ, the chart the moneymaking companies the broader fundamentals are all a GO.
They were given the go code today. "Wing Attack Plan R"
People should look at the IHUB one year chart of the gdxj (or any one year chart of the gdxj)...that is a double bottom right there.
the american hatred for gold is equaled only by the hatred of the children of the immigrants of the past 35 years....the hatred of their kids for america...What is hilarious is that the immigrants of the 1980s and 1990s came to this country because of its obvious freedoms, and their kids, who are now in their 30 and 40s, many are professionals,....despise america, and seek to destroy it
....too funny. Drone people, the LEFT.
anyway, I am in, for 3 million worth, and will buy another 400grand worth tomorrow, as those funds are not available. I am in the curious position of betting against myself for the next 24 hours
the prior american civilization, when men were men. at least we delivered the bomb, (and the soy boys of today have no idea how many millions of lives we saved. these suckers do not care about american lives, but if you convince them japanese lives were safe, then they are okay with the bomb)
This looks like a double bottom right now, this very minute, in the gdxj chart. Time will tell. I find it amusing that gold is up almost 15 bucks, and the gdxj, which is loaded with companies now whose futures have never been brighter....the entire index is not even up 2%....
And gold is up almost 1%....
I can see this when the GDXJ has been on a 4 month tear, but now?
The conclusion is one of two things:
Gold is in a bear market or
We are catching the bottom in the miners (probably)
maybe you are right. I know one thing, at 1815 gold, the gold miners are making a lot of money.
Once gold hits 2000, GDXJ will be about 65 bucks a share, because then people will be talking and thinking gold is gonna break to new all time highs, in the 2200 range. Gold is doing now a nice basing and nobody believe in it.
IT HAS BEEN A BAD YEAR, but they are making serious money. I like that scenario. People think because lumber came down that other commodities will come down. Lumber was do to the flight of trump people to safe states, where there were not and are not, enough homes,
inflation is very real
Watch it, you will have deflation way before you get the inflation you are looking for.
The system is broken and everyone knows it.
It is broken because the idiots are trying to run a Socialist government in a capitalist system!
You make a good point. My response is that I am very results oriented. Pragmatic as opposed to doctrinaire. Today's economic data and the Fed Chair's response to it, proves to me that Jay and The Establishment wants inflation, and a lot of it.
So did Trump btw.
and just wait till the fund industry and people in general see that their money is being eroded at 7 or 8 or 10% (the true number) per year. You are gonna flee to gold, just as intelligent people are now fleeing to red states. People who 3 months ago would have laughed at gold are gonna have second thoughts.
We are gonna implode without massive inflation. I think the FED is committed to inflation here as much as it can get. Without 7 percent inflation minimum, this entire economy collapses (as other countries are worse than the U.S.). The OLIGARCHS ARE DESPERATE FOR INFLATION, and they are now getting it, finally
This guy does too. And with Gold now solidly about 1800, the miners are dirt cheap. They truly are, with very sound balance sheets now for the first time in 25 years.
David Lin has best guests, and does best interviews there are.
https://www.kitco.com/news/video/show/Market-Analysis/3500/2021-07-13/Inflation-wont-stop-at-5-Im-predicting-a-return-to-the-1970s-says-Mark-Skousen#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DMarket-Analysis
I now own so much GDXJ and AVXL that my eyeballs are popping out. I think Jay would love for gold to be at 2200 bucks. He would love that.
I am very good at stocks.
You gotta take big swings and hold on. GDXJ is forming a major bottom, testing it today...46 bucks will be a tremendous buy point as we look back at this moment in several months from now. GDXJ will be 60 bucks at some point in the fall, November?....that is a nice 30% gain in 4-5 months. I can live with that.
For miners to really move they need to have a win- win angle on the market.
They need to win if there is inflation- (there is, the FED is lying through its teeth), and from the so called FEAR trade, gold needs to also shoot up as well. We are there now, a win win. Let's deal the cards and let them speak. Let's see the future. roll the tape forward now.
Just got back in...avg price: 46.53. Here is the game the fed is playing:
They desperately want inflation in all asset prices, that is the game. If not, we die under a mountain of national and personal debt.
Jay is trying to downplay this, which is real threat: the debt bomb. He is delighted with 7% inflation, and will say he is "monitoring it."...and that any tightening "is still a ways off." ...he is a Bullsheat artist.
The government wants 7% inflation per year. (it is actually closer to 10%)
The government workers need money so desperately. This permits the housing market to soar, a big deal actually, so they can grab 10 to 13 grand a year from property taxes........This means in addition to their mortgages, americans need to fork out a grand a week to the government workers in the form of higher property taxes.
And then Joe will slam americans for more income taxes...a higher rate. Jay is thrilled with today's 7% number. Once Americans realize they are losing 7% of their money and homes every single year, (actually higher), they will pour into gold as a refuge.
Why would you get out of real money?
all the guys I respect in Gold are saying to get out. 'I agree.
Tbe price action is horrible, and guess what it should be. I am just looking at the overall equity markets, the current fundamentals, and my conclusion is that gold should be in a=
the gold markets and miners should get cobbered. the companies will be clobbered for the next 6 weeks. I expect gdxj in the high 30s
;//////////////////////////mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Is today the beginning of the next leg higher?
Is today the beginning of the next leg higher?
this ETF will be at 60 or so in a month or so from now. A very nice return. We are in a gold bull market now, there is utterly no question. There will be pullbacks for sure. The longer the move higher, the greater the pullback, whenever that comes. I can see Gold being 2300 in a year from now, and this ETF around 100. My prediction for this new wave in the bull market is for gold to top out around 2650 in about about 16 months from now, and this ETF to hit 120 before the next severe 6 month correction.
great time to buy a ton of gdxj now right now.
#GDXJ: EARLY DAY STOMP DOWN...!
MAKES A GREAT TIME TO LOAD...
https://new.reddit.com/r/Wallstreetsilver/comments/nr5bfb/amc_and_silver_two_fronts_in_the_same_war/
https://new.reddit.com/r/Wallstreetsilver/?f=flair_name%3A%22Video%22
i HOPE EVERYBODY IS ADDING TO GDXJ...WE ARE IN A GOLD BULL MARKET..THIS WILL DOUBLE IN THE NEXT YEAR, BUT IT MIGHT TAKE AS LONG AS A YEAR AND A HALF....MAXIMUM.....with no country risk and basically no execution risk either. This is a rare thing where you can buy an index and get this kind of gain. This is because we are in as bull market and it will become a steeper bull as Joe continues his destruction. We are in the right place at the right time-- as all owners here know....so add now, do not wait until it is 65 or 75 or 85 when the general public jumps in. And the generalist funds jump in.
$Gran Colombia Announces Voting Results of the Annual General and Special
Meeting of Shareholders Held Today; Shareholders
Approve Gold X Acquisition )
May 27, 2021
TORONTO, May 27, 2021 (GLOBE NEWSWIRE) --
$Gran Colombia Gold Corp.’s (TSX: GCM, OTCQX: TPRFF) Annual General and
Special Meeting of Shareholders was held today.
The detailed results of the votes for each matter to be acted upon
are set out below:
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Announces-Voting-Results-of-the-Annual-General-and-Special-Meeting-of-Shareholders-Held-Today-Shareholders-Approve-Gold-X-Acquisition/default.aspx
Update on Gold X Acquisition
Gran Colombia is also pleased to announce that, earlier today,
the shareholders of both the Company and
Gold X approved the proposed Arrangement under which
the Company will acquire all of the issued and outstanding
common shares of Gold X not already owned by the Company
in exchange for Gran Colombia common shares on
the basis of 0.6948 of a Gran Colombia share
for each Gold X share.
Gold X expects to apply for a final order of the Supreme Court of
British Columbia approving the Arrangement on or about June 1, 2021
(the “Final Order”).
Subject to receipt of the Final Order, as well as the satisfaction or
waiver of other customary closing conditions,
Gold X and the Company expect that the Arrangement will become
effective at 12:01 a.m. on June 4, 2021.
$About Gran Colombia Gold Corp.
$Gran Colombia is a Canadian-based mid-tier gold producer with its
primary focus in Colombia where it is currently the largest underground
gold and silver producer with several mines in operation at its high-
grade Segovia Operations.
Gran Colombia’s portfolio includes equity positions in several listed
companies advancing gold and silver projects including
a 44.3% equity interest in Aris Gold Corporation (TSX: ARIS)
(Colombia – Marmato; Canada – Juby),
a 17.8% equity interest in Gold X Mining Corp. (TSX-V: GLDX) (Guyana –
Toroparu),
a 27.3% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain –
Lomero; Colombia – Guia Antigua and Zancudo) and
a 25.8% equity interest in Western Atlas Resources Inc. (TSX-V: WA) b(Nunavut – Meadowbank).
Additional information on Gran Colombia can be found on its website at
http://www.grancolombiagold.com
and by reviewing its profile on SEDAR at www.sedar.com.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@grancolombiagold.com
Cautionary Statement on Forward-Looking Information:
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Announces-Voting-Results-of-the-Annual-General-and-Special-Meeting-of-Shareholders-Held-Today-Shareholders-Approve-Gold-X-Acquisition/default.aspx
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164077344
$Stock Screener: Ep. 42: Gran Colombia Gold (GCM) -
#GDXJ: $SILVER ABOUT TO START THE NEXT LEG UP...
https://bullionexchanges.com/customer/account/login
$34 NEXT STOP...!
https://stockcharts.com/c-sc/sc?s=%24SILVER&p=D&b=5&g=0&i=t7964631663c&r=1622110605211
strange weather we are having today, gold up 11 bucks and GDXJ down 11 cents....but this will quickly pass. Pros and Big Bullion and the giant shorts are figuring that the POG will quickly spike down....
they are out on a limb now. So often they can scurry off that limb but as this bull market expands and grows stronger -- and it will guaranteed -- more and more they will not be able to get off that limb and will take some very hard punishing losses.
My bet is for next week to be a huge week for GDXJ to the upside....They are clearly losing and this is a big week for the massive gold shorts. This week or they die, but either way, next week should be terrific.
not big on charts but they look outstanding in the gold and miner sector.....we long ago reclaimed the 200 day moving average and the last couple days reclaimed the 50. Today we closed the opening gap for about 20 seconds, so the all clear was given....the last day or two we reset some things to remove this overbought nonsense indicator..The fundamentals look out of sight.
Conclusion: we are in the process of a sustained move higher in this commodities bull market, with a stagflation scenario probably, like the late 70s only more severe...
This is gonna go crazy. Lets go crazy
manually punch in 18 month time period on the stock charts. You will see this huge jump, supported by what I just said.[
Wall Street will see this so fast and already has.
word of advice: look at the 18 month standard chart of GDXJ or SILJ....this looks like a very major break higher. That gap ain't gonna close....we may fiddle for a couple days but we are going up. We are now above the 200 DMA finally, after so long and funds will see it....we are also in a break out zone of support now, finally.....our fundamentals too support a major move higher starting this week.............check the chart.
https://stockcharts.com/h-sc/ui
#GDXJ: The most successful juniors could gain 50x or more.
Is Silver Going to $300?
https://www.silverdoctors.com/silver/silver-news/is-silver-going-to-300/
There are some indicators worth examining…
by Peter Krauth via Streetwise Reports
I know this might sound ridiculous to some, but I think silver could reach $300.
No, I haven’t lost my mind. After all, it’s a metal that’s known for massive rallies.
You see, when silver went through its 1970s bull market, it started from a low of $1.31 in October 1971. By the time it reached its peak in 1980, silver had run all the way up to $49. That was a 37x return.
If we consider that silver was priced at $4.20 in late 2001, a 37x return would take it to about $155. However, I think this bull market could be an order of magnitude larger for a number of reasons, the main ones being debt, credit and money printing.
As a result, I think silver’s ultimate peak could be $300, and I won’t rule out possibly even higher.
Bullish Silver Fundamentals
Most developed and many developing nations have been in multi-year or even multi-decade deficit scenarios. This now looks to have become a permanent state, at least until we reach some sort of global financial reset.
The Institute of International Finance explains how the COVID-19 pandemic response added $24 trillion to the global debt mountain last year, to reach a new all-time record high of $281 trillion.
And interest rates being maintained at 5,000-year lows will only encourage more debt. Couple that with many countries borrowing to meet interest payments, and central banks soaking up much of that new sovereign debt, and inflation havens like precious metals gain strong appeal.
Silver in particular has the added benefit of 50% of its demand being industrial. With unprecedented economic stimulus programs, many favoring green energy, silver is uniquely positioned to profit. What’s more, according to Metals Focus, silver supply was down 4% in 2020 by 42 million ounces. According to the Silver Institute, total supply will rise by 8% this year, though total demand will rise nearly twice as much, by 15%, led by industrial, jewelry and physical demand.
So, the fundamental side of silver demand is looking strong, but the technical side is also very bullish.
Bullish Silver Technicals
Let’s consider the gold-silver ratio.
As a quick refresher, the gold-silver ratio is calculated by simply dividing the spot price for one gold ounce by the spot price of one silver ounce. That’s it. Naturally the higher the ratio, the more silver ounces are needed to buy one gold ounce, and vice versa. The most bullish scenario is when the ratio is falling from a high level, ideally from above 80, and the silver price is rising.
Here’s a chart of the gold silver ratio during the 1970s silver bull market.
To me it’s very intriguing to note how recessions, which are the grey vertical bars, tended to mark troughs and/or peaks in the ratio. What’s also interesting is that when silver reached its peak in 1980, the gold-silver ratio ultimately bottomed around the same time at a level near 15, which was below the starting point near 20.
Let’s now move to the current silver bull market that I believe began in 2001. The following chart shows us silver prices since 2000, not adjusted for inflation.
Of course, silver had a tremendous run from $4.20 in 2001 to its 2011 peak at $49. It then corrected until late 2015, then moved sideways until bottoming near $12 last year in March. It had a tremendous move up to $30 within just five months and has been mostly consolidating since.
Now let’s examine the gold-silver ratio action since 2001.
Again we see peaks and troughs tend to occur (though not exclusively) around recessions (gray bars). At silver’s peak in 2011, the ratio bottomed near 33. It then rose almost constantly up to its all-time peak last March at 125, then fell dramatically to its current level around 67, as silver started to significantly outpace gold. Consider that we know from history silver always outperforms gold in precious metals bull markets. So the current action is particularly exciting for silver.
Silver Targets
But what does it all mean for how high the silver price can go? Of course, no one knows for sure. But there are some indicators worth examining for clues and suggestions.
I believe the ratio will ultimately reach a low near 15. And given the inflationary path we’re on, I think gold could peak at $5,000 per ounce. That’s just 2.5 times last August’s peak near $2,000. In fact, I think there’s even a decent chance gold could reach $10,000, which is just five times last August’s peak. But if we stick with $5,000, and an ultimate bottom in the gold-silver ratio of 15, we get ($5,000/15) $333 per ounce of silver.
Let’s look at silver price targets from another angle: inflation.
If we consider inflation-adjusted silver prices going back to 1970, we see that the peak reached in 1980 was actually $120/ounce in today’s dollars, and that’s using government sanctioned inflation statistics, which tend to be well below what we experience in everyday life.
Considering the old way of calculating inflation, which the U.S. abandoned decades ago and I reference below from Shadowstats.com, a realistic inflation rate would have averaged 7%–8% since 1980 (triple official inflation), which would mean an equivalent silver price of $240–$360 dollars at the 1980 peak.
My gold-silver ratio target for silver of $333 is comfortably within the range of $240–$360. If we take the mid-way point between $240 and $360, we get $300. I think that’s as good an estimate as any of where silver can peak in its current bull market.
On this basis, the silver price would need to be up by more than 10x from current levels to reach its ultimate high. Imagine for a moment, if silver were to soar tenfold from here, what the silver producers’ and silver explorers’ share prices would do. It’s not difficult to expect simply spectacular returns. Which is exactly why it’s so attractive to allocate to this space, while being diversified across several stocks, as it’s impossible to know which will do best. Still, odds are very good that if silver goes up by a factor of 10, the average silver stock should easily double that, and be up by a factor of 20, while the most successful juniors could gain 50x or more. That would simply be a repeat of previous bull markets.
Larger silver producers and royalty companies should be seen as core positions to be held for the long term. The more junior explorers should be treated more cautiously as speculations, on which to take profits when they materialize. Selling half of one’s position on a double would be especially sensible.
In any case, I believe it remains early days for silver and silver stocks. I expect to see much higher prices ahead in the metal and the equities. And in my view the current bout of weakness is an opportunity to buy or add to positions in this space. Remember, at $26 silver is still nearly 50% below its all-time nominal high, while gold is just 10% below its all-time nominal high. Silver is clearly the better relative bargain.
In the Silver Stock Investor newsletter, I provide my outlook on which silver stocks have the best prospects as this bull market progresses. Many offer 5x to 10x return potential in just the next few years, especially as silver heats up.
I think silver is currently at or very close to its bottom, but that its ultimate peak could well be in the $300 range.
Either way, silver is headed much, much higher.
–Peter Krauth
Peter Krauth is a former portfolio adviser and a 20-year veteran of the resource market, with special expertise in precious metals, mining and energy stocks. He is editor of two newsletters to help investors profit from metal market opportunities: Silver Stock Investor, www.silverstockinvestor.com and Gold Resource Investor, www.goldresourceinvestor.com. In those letters Peter writes about what he is buying and selling; he takes no pay from companies for coverage. Peter has contributed numerous articles to Kitco.com, BNN Bloomberg, the Financial Post, Seeking Alpha, Streetwise Reports, Investing.com, TalkMarkets and Barchart, and he holds a Master of Business Administration from McGill University.
#GDXJ: READY FOR THE SQUEEZE ... GO cablejohn
https://www.reddit.com/r/wallstreetbets/comments/mbx510/slv_is_a_complete_scam_its_a_scalp_trade_set_up/
In the squeeze of 1979-1980, the regulators literally pulled a ‘GameStop’ on the silver market. Or in reality, the more recent action with GameStop was regulators pulling a ‘silver’. The regulators will try everything in their power to prevent the squeeze from happening again, but this time it’s not two brothers and a couple of Saudi princes buying millions of ounces each (or just Warren Buffet on his own), but rather it’s millions of retail investors buying a few ounces each. There is no cornering the market going on. This is actual silver demand running headlong into a silver market that banks have irresponsibly shorted to such a level that they deserve the losses that hit them. They’ve been manipulating and toying with silver investors for decades and profiting off of illegal collusion. Bailing out the banks as their losses pile up would be truly reprehensible action by our government, and tacit admission that our government is ok with a few big banks on the short side stealing billions from small individual investors.
WOW and there is no time limit on the cup and handle formation BANG XZOOOOOOOM
#GDXJ: The Mother of all Cup and Handles! Silver is forming a MASSIVE cup and handle on this 50 year chart.
https://www.reddit.com/r/Wallstreetsilver/comments/mnsecr/the_mother_of_all_cup_and_handles_silver_is/?utm_medium=android_app&utm_source=share
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