By Goldrunner, contributing editor, munKNEE.com
I would like to thank a few of my teachers from long ago, who enticed me to learn about the Precious Metals Sector, and charting. I found the old Gold-Eagle Forum at Gold-Eagle.com where Dr. Vronsky ran a tight ship. I found 321Gold with all of its unique presentations, and I soon ran into Jim Sinclair posting over at Financial Sense; and traded some e-mails with Jim. After a bit, Dr. Vronsky pushed me to post charts for the Forum and the Public. It has been quite a “ride” from there”.
THE US DOLLAR CHART
Shortly after the onset of “Covid”, the Fed started printing massive amounts of US Dollars all over the place. Soon after that, Jim Sinclair came out with a video and stated that with so many Dollars being printed to uphold the economy that Gold would eventually rise up to his top target of $80,000 an ounce.
Next, Mr. Sinclair suggested that the time for Gold to rise up to that massive number might still meet that regular 45 Year Cycle; coming up into 2025. WOW! That is a massive rise from where Gold sits, today. I don’t think that Jim commented much on Silver, but I already had huge gains in Silver coming down the road a bit later than 2025 – up to $800 Silver and even $1,200 Silver – yet such a rise in Gold would simply blow the Silver Price vastly higher than that.
As Mr. Sinclair has always claimed, “GOLD IS THE INVERSE OF THE US DOLLAR!” Thus, we trade Gold and Silver and Precious metal stocks- but I wanted to show a chart of what the US Dollar might look like in about 5 or 6 years. Mr. Sinclair stays that in 2025 the price of Gold will simply go “straight up” which is right at the end of the usual 45-year cycle!
They say that a picture is worth a thousand words……… but let’s just leave it at that………………… other than to note: If Mr. Sinclair is correct- most of our lives might do a “Zimbabwe” in ONE FELL SWOOP. Buy Gold- Buy Silver!
For the moment,
GOLDRUNNER, 08-01-20, GOLDRUNNER44@AOL.COM
Disclosure: Please understand that the above is just the opinion of a small fish in a large sea. None of the above is intended as investment advice, but merely an opinion of the potential of what might be. Simply put: The above is a matter of opinion and is not intended as investment advice. Information and analysis above are derived from sources and utilizing methods believed reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Comments within the text should not be construed as specific recommendations to buy or sell securities. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities. Do your own due diligence regarding personal investment decisions. In the interest of full disclosure, GOLDRUNNER is personally invested in the Precious Metals sector including various Precious Metals and other individual stocks. GOLDRUNNER reserves the right to modify or eliminate any or all positions at any point in time.
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