Silver

Could the long-term trend in metals be about to change?

Coming off two successive positive years, gold seems to be building toward something. Fizzling or dropping seems unlikely given 2017’s surprise performance and the general state of global equity markets – most of which seem to be overpriced, over-loved and over the top. 2017 will be recorded as a transition year for gold; 2018, in my opinion, will go down as the year gold reasserted itself as a primal force in the global financial marketplace.

One can take the facts from charts and draw one's own conclusions but the problem is that many do not understand them, including a lot of technical analysts who misuse them and, as a result, the message gets lost. This article provides an interpretation of what the charts are saying about the current (and near-term future) trends in gold & silver.

When you look at the silver price, relative to US currency (the amount of actual US dollars) in existence, then it is at its all-time 100-year low making it the bargain of the century. Let me explain.

In this article I’d like to focus on silver's attributes as compared to gold, make a case for holding some, and discuss some ultimate price possibilities.

The fiat currency experiment will end badly in a currency crisis. The wealthiest people will be those who bought silver today and were smart enough to research and pick the best silver mining stocks.

Silver has had quite a run the last couple months... so it's no surprise that it has gained much attention and interest from investors - even more so than gold. It is extremely volatile, however, and tends to rise or fall in spurts so I'd like to focus on its attributes as compared to gold, make a case for holding some, and discuss some ultimate price possibilities. Words: 1606

The takeaway all the charts is that a strong rally in either gold or silver is not imminent. In fact, we are more likely to see more of the same. The potential for positive change always exists, but until we can see such change developing on the charts, more sideways activity will continue.

The next rally in silver should be huge based on the prospects for expanded war, financial chaos, and central bank “printing” that will devalue all currencies. Silver will sell for $100 per ounce!

There does not appear to be any hint of a change in the ongoing downside pressure for gold and silver. Confirmation of a change in trend will only come after a higher high above 1300 from 2016, as seen in this weekly chart below.