SilverSeek.com
Mon, 07/13/2020 – 10:25
Strategists at Credit Suisse have noted a great silver performance lately and expect the white metal to look for the $26.22 resistance on a break above $21.14. What’s more, Gold/Silver ratio shows the latter is in line to extend its outperformance.
SilverSeek.com
Mon, 07/13/2020 – 04:41
We talk on the show all the time about how great silver looks from a fundamental perspective. But what are the technical analysts seeing in the silver market?
Fortunately, Chris Vermuelen from TechnicalTraders.com joined me on the show to share what the silver chart looks like from a technical perspective. He talked about some of the key levels to watch out for, and also what he expects to happen when silver breaks through the $20-21 range.
Chris Marcus
Mon, 07/13/2020 – 02:42
WP/James Burton/7-9-2020
“Gold, in the end, is the sort of millennia proven way to hedge against some of this new math – the financial engineering, money printing and assault on fiat currencies – and a zero-rate environment makes that easier. Gold has always competed with other yield-producing instruments and assets – and now there isn’t much competition because you’re looking at negative real yields, and even negative nominal yields, around the world.”
USAGOLD note: Many professional money managers see gold as a hedge against the excesses of financial engineering. Horizon ETF’s Hans Albrecht (quoted above) says its the difference between the ‘old math’ and the ‘new math’ and that you cannot print the ‘old math’, i.e. gold.
Image courtesy of Gold-Eagle
MarketWatch/William Watts/7-11-2020
“Chalk it up, in part, to opportunity costs. Efforts by global central banks to push down interest rates, which have fallen into negative territory in real, or inflation-adjusted terms, in the U.S. and are outright negative in many parts of the world, mean that investors who hold gold aren’t missing out on the yield they would earn from holding bonds in more usual circumstances.”
USAGOLD note: The Fed has said it will keep rates near zero to “at least 2022” [CNBC – 6/10/20]. If that be the case, the situation described will be a primary influence for years to come. Visual Capitalist finds that 25% of bonds globally bear a negative rate of return – a partial explanation for gold’s outstanding performance over the past few years in most of the world’s currencies.
Chart courtesy of Visual Capitalist • • • Click to enlarge
