As for silver, there is a TRADING WAR taking place at the important $18.50 Resistance Level. Once silver breaks through this level and closes above it on a monthly basis, I believe it will quickly move up to the next resistance level of $21.50..
My point is this – I can’t assign precise or accurate odds on whether the big shorts will succeed yet again in rigging gold and silver prices low enough to induce a sufficient number of (mostly) managed money longs to sell and go short or they will fail in that attempt. So let’s call it 50 – 50, or even higher odds to the downside.
But while the odds may be a tossup or even more configured for a selloff, there is no comparison between the likely price responses should the big shorts succeed…
On the 2-year chart we can see the sharp advance out of the 2nd low of the Double Bottom last Summer, which itself is actually made up of a lower order Double Bottom, and how this has been followed by a lengthy period of consolidation that has allowed the 200-day moving average to largely catch up with the price. Silver has underperformed gold in recent months, as shown at the top of the chart, which is normal during the earliest stages of a major sector bullmarket, but On-balance Volume is…
COMEX silver has lagged, but it will soon break higher—toward $20 and then $22. Once this happens, the mining shares will accelerate higher with the likelihood of outsized annual gains for this sector clearly in sight.
Thus we conclude with the old adage: Sit tight and be right. Watch those key, technical levels and allocate your assets accordingly.
It has now been more than eleven years that I have been writing about the leading role that the US’ largest bank, JPMorgan, plays in the pricing of silver and gold. My suspicions that JPMorgan was the big silver and gold manipulator started shortly after the release of the August 2008 Bank Participation report, which indicated an unnaturally large increase in the short positions of one or two US banks in COMEX silver and gold futures contracts. That’s when I started speculating that JPMorgan…
Plunging global yields have created the perfect scenario for precious metals to thrive.
Gold and silver are often referred to as “safe-haven” assets because they outperform during periods of uncertainty. If the stock market has a bad day, or a Trump tweet riles investors, investors turn to gold as a store of wealth to ride out the temporary storm, so to speak.
Watch this video on What’s with Silver Stocks..
As the global highly-leveraged debt-based financial system comes under serious stress, investors are going to finally realize that the silver market is very tiny and extremely undervalued. This is when we will likely see the exponential silver price movement. And, it’s not a matter of “IF,” but rather a case of “WHEN.”
While most precious metals analysts focus on the systemic risks in the financial system to own Silver, I believe the real problem has to do with the HUGE ISSUES we are now…
