Tag: silver outlook

Look For The Silver Lining: Silver Swan Ready For Takeoff

Look For The Silver Lining: Silver Swan Ready For Takeoff

An old melody advises us to look for the silver lining whenever dark clouds appear in the blue.  There is economic and political upheaval all over the world, especially in the South China Seas.  This may directly affect the world’s supply of industrial metals such as graphite, rare earths, molybdenum and tungsten. Today we direct our attention to an area where silver is shining.  Poor man’s gold may come into prominence shortly and provide our subscribers with possible profits. The silver battlefield is filled with bulls and bears fighting for dominance.  Recently, the poor man’s gold has dropped to the $26 area.  The struggle continues between the opposing sides.  The […]

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Looking for a silver lining

Looking for a silver lining

Investing in precious metals hasn’t been much of a fun ride lately. In late April of 2011, silver spiked to its still standing nominal high of $50, last reached over 30 years ago, back in 1980. Afterwards it plunged to about $32, before recovering to around $44 in September. At this time gold – which wasn’t nearly hit as hard in May and rallied to a new high of $1,920 in September – was up for the hammer drop and fell by 20% to $1,530. Expectedly, silver had to be dragged down with gold and got smashed to the $26 level for an almost 50% correction from its April highs. […]

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HSBC predicts gold rally to $1,900+ by year-end

| August 7, 2012 | Articles: General
HSBC predicts gold rally to $1,900+ by year-end

There are increasing signs that Spanish Prime Minister Mariano Rajoy appears amenable to a European-Union bailout for Spain, despite the fact that this would mean to all intents and purposes relinquishing his government’s remaining fiscal sovereignty to Brussels. The FT’s David Gardner notes that Rajoy’s government has “the feel of a government approaching the end of its terms” – despite being a majority administration that’s only been in power for seven months. Gardner’s article quotes a former editor of El Pais who expresses concern at the PM’s inability to articulate a viable recovery plan: “one sometimes gets the impression that Rajoy speaks in public as if he was addressing a parish where the internet has […]

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Rick Rule: The Physical Silver Market Is Getting Dangerously Tight

With continued volatility in global stock markets, and gold staging a big rally off of the lows, today King World News interviewed one of the wealthiest and most street-smart pros in the business, Rick Rule.  Rule told KWN that when it comes to silver, “there is the strong case for some very substantial upside.” Rule, who is now part of Sprott Asset Management, discussed silver and gold at length.  He also talked about the problems the world currently faces.  But first, here is what Rule had to say about Sprott’s very successful offering in the Sprott Physical Silver Trust: “I think it’s evidence of two things:  One, we felt we had […]

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Egon von Greyerz: Gold to Hit $3,500 – $5,000 in 12 to 18 Months

Today Egon von Greyerz told King World News, “The credit bubble we’ve had, for at least 40 years, is going to accelerate dramatically, and the failures in the system will continue.”  Egon von Greyerz, who is founder and managing partner at Matterhorn Asset Management out of Switzerland, also said, “I see gold reaching $3,500 to $5,000 in the next 12 to 18 months.”  Here is what Greyerz had to say about the ongoing financial crisis and where we are headed:  “There is a fire in almost every country in Europe.  The US is going to catch fire also.  There will be a catalyst coming soon, probably some concerted action of QE or […]

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The Next Major Move in Precious Metals Is Close

The Next Major Move in Precious Metals Is Close

After making new highs about a year ago we have seen Silver and Gold consolidate for roughly the last twelve months.  Technically, it would typically be a bullish scenario with gold from the stand point that the last 12 months’ price action was a sideways consolidation in a bullish pennant formation.  However over the last year we have witnessed a series of lower highs and increasingly tested supports levels around $150 on GLD which raises caution. With the fed pulling any extensions on further quantitative easing in the form of QE3 or other programs, the bullish case has lately been criticised.  However I am still a firm believer that gold […]

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David Morgan: Gold headed for 2,500 dollar an ounce

David Morgan is the editor of the respected precious metals newsletter “The Morgan Report“. He appears on major precious metals shows as a key guest speaker, he is invited on a regular basis on TV where he shares his view on the gold and silver markets and you find a lot of insightful interviews with him on the internet. He has been following the gold and silver market closely for 40 years now and is respected for his realistic view on the monetary value of gold and silver, as well as mining companies. During his last appearance on Fox Business, David Morgan explained his forecast for gold and silver for the long and middle […]

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Silver, Gold and The Coming Deflation

Silver, Gold and The Coming Deflation

Historically gold has made its significant gains, relative to other assets (as well as nominally), not during inflation, but during deflation (Note: I am using the terms inflation and deflation very loosely in this case). These significant gold rallies historically occur when value flees instruments such as stocks and certain commodities. Since the 1920s there have been three major gold rallies (1930s, 1970s and the current rally). All three major gold rallies came after a significant top in the Dow and the Dow/Gold ratio (1929, 1966 and 1999). A great portion of the 1930s and 1970s rallies occurred when the Dow was falling significantly. In fact, the biggest rise in […]

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David Morgan: Short term outlook of silver price and why to invest in silver

David Morgan: Short term outlook of silver price and why to invest in silver

David Morgan is the editor of the globally respected investment newsletter “the Morgan Report”. We highly recommend subscribing to his premium service, for the combination of timeless insights he provides as well as accurate interpretations of day-to-day evolutions. On his publicly accessible webblog, he shared his view on the short term outlook of the silver price. He also stressed the need to be invested in physical silver and repeated the benefits of investing in silver. In his short term outlook, David Morgan confirms yet again that the fundamentals have never before been better for both gold and silver. It doesn’t matter if the price is not reaching all-time highs today, […]

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Silver is not out of the woods yet….but

Silver is not out of the woods yet….but

On the 30 minute chart yesterday silver had a textbook breakout from a consolidating “Symmetrical Triangle” near MAJOR support.  The 30 minute chart is now displaying a “Bull Flag” continuation pattern.  I was preparing for a breakdown from the triangle to put on a trade to the short side, and yet wound up waving goodbye to the upside breakout.  The follow through on a breakdown of the triangle, would have had massive reward to risk. Why didn’t I take the breakout to the upside?  I didn’t feel there was a “positive expectancy” due to the structure of the daily chart.  Sometimes trades with a “negative expectancy” work out (worst thing that can happen to […]

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Silver is approaching MAJOR support

Silver is approaching MAJOR support

I have received requests for commentary on silver.  The pattern in silver is very similar to gold.  There is a baleful “Descending Triangle”.  Below is a weekly chart of silver.  Weekly charts in my opinion are the “Ace of Spades” in charting, meaning nothing over rules them, not even the monthly chart. I would like to load up on some silver eagles/maple leafs, so a breakdown and follow through in the triangle will be welcomed by me.  I also have no issues shorting silver in the smaller degree timeframes to pay for those eagles/leafs upon this development.  Right now we are approaching MAJOR support. Would it be a better idea to pay attention to the […]

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Is Gold About to Rally? USD Index and Crude Oil Prices Suggest Otherwise

Is Gold About to Rally? USD Index and Crude Oil Prices Suggest Otherwise

Congratulations. Let’s all take a collective deep sigh of relief. Instead of a new crisis, we’re just going to keep having the same old one. Greeks voted to stay in the European Union with a narrow victory for the center-right New Democracy party. A global crisis has been averted—for now. But as we take a deep sigh of relief let’s keep in mind that the euro is already on a slippery slope to oblivion. Let’s face it. A Greek exit is already a forgone conclusion for many. Now it’s Spain’s turn to headline with its bond yields soaring to new euro-era highs. Spain’s economy is almost twice the combined size […]

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Gold & Silver on the Verge of Something Huge

Gold & Silver on the Verge of Something Huge

Gold and silver have taken more of a back seat over the past 12 months because of their lack of performance after topping out in 2011. Since then prices have been trading sideways/lower with declining volume. The price action is actually very bullish from a technical standpoint. My chart analysis and forward looking forecasts show $3,000ish for gold and $90ish for silver in the next 18-24 months. Now don’t get too excited yet as there is another point of view to ponder… My non-technical outlook is more of a contrarian thought and worth thinking about as it may unfold and catch many gold bugs and investors off guard costing them […]

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James Turk: Gold Will Shock Investors By Soaring This Summer

With continued uncertainty in major markets, as well as gold and silver, today King World News interviewed James Turk out of Europe. Turk discussed the aftermath of the Greek elections and what investors should expect going forward.  H is what Turk had to say about what is taking place:  “The Greek election has come and gone, Eric, but the Greek vote has changed nothing.  Europe is still in a severe crisis, and every attempt to solve this crisis has failed because no serious solutions have been proposed.  All the central planners did was buy time, and that precious time has been squandered with their various schemes.” James Turk continues: “There are two […]

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