Saturday , 18 November 2017


Silver: 5 Forces That Should Help Polish Off the Tarnish & Propel It Higher

This article is presented compliments of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.

Parnell goes on to say, in part:

Silver has been a most rewarding investment over the past decade with an annualized rate of return of roughly +17% over this time period. Not coincidentally, the bull market in silver began not long after U.S. fiscal and monetary policy makers shifted to a weak dollar policy in early 2002, and dramatically picked up steam once policy makers began flooding the financial system with liquidity following the outbreak of the financial crisis in 2008.

Looking forward, the fundamental case for owning silver is as strong as ever. Silver continues to serve as an alternative currency in that it provides a hard asset store of value for those investors seeking protection against the inflationary effects of currency debasement as well as the threat of crisis. [Also,] given the fact that the U.S. Federal Reserve stands ready to explode their balance sheet by more than $1 trillion in the coming year alone in an environment where the economic and geopolitical environment remains highly unstable, the appeal of owning silver should be as strong as ever.

Visit FinancialArticleSummariesToday.comA site for sore eyes and inquisitive minds!

[That being said, however,]…, silver’s performance since spring 2011 has been lackluster at best and disappointing at worst. Overall, silver has lost -34% of its value since peaking at the very end of April 2011. While this recent performance has been trying for those that remain positive on owning the white metal in the current environment, the good news is that this recent pullback represents a healthy consolidation in an ongoing uptrend.

(click images to enlarge)

A variety of forces continue to build that should help propel the next move higher in silver, namely:

1. The silver price is now starting from a sounder base. When silver spiked toward $50 per ounce back in April 2011, it soared well beyond its long-term trendline dating back to the beginning of its current bull market. Following its recent price consolidation it is trading at levels that are now below this same trendline.

2. Silver is setting up increasingly well from a technical perspective as we enter the new year. Starting in early September 2012, not long after breaking out above its 200-day moving average and just ahead of the Fed’s launch of QE3, silver broke decisively above the downward sloping trendline that began at its peak in April 2011. Since that time, silver has successfully held support both at the same downward sloping trendline as well as the 200-day moving average.

3. The momentum behind the silver price has been gradually building, as we have seen higher lows in momentum readings since May 2011, with the sole exception being the sharp Operation Twist induced sell-off in September 2011.

4. The steady increase in the cumulative flow of money into silver over the past two years, suggesting that upward pressure on the silver price continues to build despite the recent consolidation phase.

[As a result of the above 4]…reasons, I am bullish on silver for the coming year [and reason #5 is that,]with over $1 trillion set to come off of the Fed printing presses next year, silver has shown itself to be a favorite final destination for these liquidity flows and is set up well for it again in the future….

Sign up HERE to receive munKNEE.com’s unique newsletter, Your Daily Intelligence Report

  1. FREE
  2. The “best of the best” financial, economic and investment articles to be found on the internet
  3. An “edited excerpts” format to provide brevity & clarity to ensure a fast & easy read
  4. Don’t waste time searching for articles worth reading. We do it for you!
  5. Sign up HERE and begin receiving your newsletter starting tomorrow
  6. You can also follow the munKNEE” on twitter Facebook

*http://seekingalpha.com/article/1069651-silver-polishing-off-the-tarnish (This post is for information purposes only. There are risks involved with investing including loss of principal. Gerring Wealth Management (GWM) makes no explicit or implicit guarantee with respect to performance or the outcome of any investment or projections made by GWM. There is no guarantee that the goals of the strategies discussed by GWM will be met.)

Related Articles:

1. David Morgan: Gold to Go Up 10-20% in 2013; Silver By a Good 30%

10 Ounce Silver Bullion Bars

According to David Morgan 2013 will be a bullish year in which a new leg up will start with gold going up 10% to 20% and silver a good 30%. That leg up is starting right now, although we probably will not see a substantial acceleration in the leg up like we saw in the first part of 2011 but, obviously, as soon as $50 is crossed an acceleration can be expected. [Morgan explains his position in article excerpts below.] Words: 912

 2. Buy & Hold Commodity Assets (Particularly Gold & Silver) Starting Today: BIG Profits are Coming – Here’s Why

commodities

Savers will not stand idly by and watch their savings get wiped out by taxes and inflation….[which] is good news for investors who buy and hold commodity assets today – and it’s also a stark reminder to not be fooled by the short-term head fakes that might make it look like the commodity bull is over. Stay the course – the biggest profits are yet to come. [Here’s why.] Words: 405

3. LAST CHANCE to Buy Gold/Silver/PM Stocks At Low Prices – BIG Moves Coming In December, January & February

gold and currencies

What is developing in the markets is not the beginning of  another leg down in gold, but a second chance to get positioned for what should be a  very profitable intermediate degree rally over the next 2-3 months. [Let me explain further with a number of charts to support my position.] Words: 460

4. Which Gold and Silver Assets (and How Much) Should You Own?

It is no longer a matter of whether or not you should buy gold and/or silver but, rather, which type of investment(s) and how much. You don’t need a lot but you do need some – and here’s a primer on just what type of investment vehicles are available and recommendations on just how much you should buy. Words: 1086

5. It is Imperative to Invest in Physical Gold and/or Silver NOW – Here’s Why

171686-gold-silver-bars

Asset allocation is one of the most crucial aspects of building a diversified and sustainable portfolio that not only preserves and grows wealth, but also weathers the twists and turns that ever-changing market conditions can throw at it. However, while the average [financial] advisor or investor spends a great deal of time carefully analyzing and picking the right stocks or sectors, the basic and primary task of asset allocation is often overlooked. [According to research by both Wainwright Economics and Ibbotson Associates and the current Dow:gold ratio, allocating a portion of one’s portfolio to gold and/or silver and/or platinum is imperative to protect and grow one’s financial assets. Let me explain.] Words: 1060

6. U.S. Dollar Index to Plunge; Gold & Silver to Soar! Here’s Why

gold-silver

With President Obama being re-elected we can expect four more years of a Washington-centric controlled economy with a rolling program of borrow, print, spend and pretend; similar to the last four years….[What affect will such fiscal irresponsibility have on the U.S. dollar, gold and silver? Read on!] Words: 717

7. Why You Should Now Invest in Silver vs. Gold

gold-silver2

The price of silver is going to go much, much higher – much higher – over the next decade [relative to gold according to Jim Rogers and I concur. Below are 5 solid reasons why I believe that is the case.] Words: 767

8. Gold:Silver Ratio Suggests MUCH Higher Price of Silver in Next Few Years

Silver Bars

The majority of analysts are now of the opinion that gold will reach a parabolic peak price somewhere in excess of $5,000 per troy ounce in the next few years. Given the fact that the historical movement of silver is 90 – 95% correlated with that of gold suggests that a much higher price for silver can also be anticipated. Couple that with the fact that silver is currently greatly undervalued relative to its average long-term historical relationship with gold, silver could escalate dramatically in price over the next few years. How much? This article takes a look at historical gold:silver ratios and what attaining certain relationships would mean for the price of silver should specific price levels for gold be realized. Words: 691

9. Goldrunner: Silver to Rocket to $60 – $68 and Then Much Higher

Silver Bars

Personally, based on the fundamentals at hand and the fact that Gold doubled its log channel around this point in the cycle; I expect Silver to bust up out of its log channel in 2013.  Initially, I look for Silver to reach the $60 to $68 level, first and hold open the possibility for Silver to do much more on the upside as the 70’s Silver Chart reflects.

10.  Alf Field Sees Silver Reaching $158.34 Based on His $4,500 Gold Projection!

Silver Bars

This article was prompted by a question enquiring what the silver price might be if my gold forecast of $4,500 proved to be correct [see my article entitled “Alf Field: Correction in Gold is OVER and On Way to $4,500+!” and I have settled on] a target price of $158.34 for silver. [Let me explain how I came to that specific price.]

One comment

  1. High Oh Silver, And Away…
    – The Lone Ranger