Afternoon everyone …..
It’s been a really long time since I’ve done a post on my personal analysis on the gold and silver charts. I’m by no means an expert on this, but I do have several decades worth of experience in following the precious metal charts. I’ve been collecting/stacking for four decades now. Longer than most of you reading this have been alive.
So here goes my perspective….
While gold has been on a fairly steady climb for well over a year now. Gold has had a 34.9 percent increase last year. This is not typical in the history of gold if you have had any lengthy experience in following the charts. The last five years the average is over 13 percent. Which is also higher than normal. The ten year average for gold is 10 percent.
What is this telling me???
It’s no secret that globally countries are economically failing. The uncertainty of the US Dollar with its ongoing debt and our current leader throwing tariffs around like it’s a deck of cards isn’t helping matters.
Banks and financial institutions have been buying up gold for years slowly to hedge against this. Countries have been buying up tonnes of gold in preparation of what they see going on. Russia used to be the biggest buyer of gold, but has lost that position to India, Japan and the biggest buyer of gold China.
China has the largest deposits of unmined gold known, yet are buying up gold from the market more then any other country. What’s even crazier, is that this is just reported gold purchases. China has been buying gold on the black market for over a decade now. I’ve been reading about this for years. China at some point is going to establish a new world currency that will destroy the US Dollar.
If you look at this one year chart of gold, you will see the steady climb of gold up until January. Which is when our newly voted in alien Cheeto president took office. Since January gold is up over 20% already this year. We’ve hit all time highs in gold pricing three times already, and in my opinion that is not even close to over yet.
From what I’ve read and have analyzed, gold will without a doubt reach and surpass the $3,500 an ounce mark. If things continue to spiral and tariffs get reintroduced, we might even flirt with the $4,000 an ounce mark.
This is just my personal views and speculation from what I see and what I’ve read.
Now for silver….
Silver has and always will be a very volatile metal. It has been manipulated by JP Morgan for decades. The true potential and true price of silver hasn’t truly been revealed due to this in several decades. They have been caught and fined multiple times for this over a thirty year period. Yet somehow still get away with it. They throw paper silver contracts around like crazy controlling the pricing.
At some point they will blow the silver price up in their favor. I hope I’m still alive for it, because I’ve been waiting…..
Silver charts are extremely difficult to read because of this. But if you look at the trend of the last six months, you will see that silver has only had a one day slight dip below the $30 mark. I don’t for see silver dropping below the $30 mark again anytime soon, if ever again. Just my thoughts.
Silver currently is being dragged up with the gold price. It hasn’t had a stand alone day of increase in quite some time. But if my theory holds, that will change before the end of the year.
In my opinion silver could flirt with the $40 mark before the end of the year. If tariffs are reinstituted, then we will see silver over $35 or higher.
I am not a financial advisor, nor am I giving advice. This is my opinion, take what you want from it and make your own decision.
