Silver Mining Los Angeles Business Journal
Author: Gold News Club
Silver Market Update – at a critical juncture here…
Although silver has picked up significantly since its March low it has greatly underperformed gold over the past 2 years, but this is normal during the earliest stages of a major sector bullmarket when gold is favored over silver. On its 20-year chart we can see that silver remains stuck within a giant base pattern that started to form as far back as 2013. This chart makes clear that once gold breaks out to new highs against the dollar, then silver should break out of this base to enter a dynamic advancing phase.
Clive Maund
Mon, 06/29/2020 – 05:18
Silver Price Forecast – Silver Markets Quiet FX Empire
Silver Price Daily Forecast – Silver Continues Attempts To Settle Above $18.00 FX Empire
Zero Hedge/Eddie van der Walt/6-25-2020
“A mix of slow growth, easy money and black swans can propel gold to record highs in the second half of 2020. Lingering fears about lockdowns and scarring to the real economy should keep haven demand strong, but the metal could also rally in a risk-on environment, as the 2008 play book showed. Comfortably the best-performing major asset in the past year, gold soared by a quarter. That put it within levels that Markets Live foresaw at the end of 2019. With a global recession arriving sooner and cutting deeper than expected, $2,000/oz is the next target.”
USAGOLD note: Van der Walt is a macro commentator at Bloomberg and one of a good many Wall Street analysts who see gold at the $2000 mark by the end of the year.
Gold-Eagle/Chris Vermeulen/6-24-2020
Part 1 ••••••• Part 2
“Our research and trading team has been advising friends and followers to stay very cautious of the current markets (excluding Gold, Miners, and certain other protective sectors). We don’t believe this rally warrants any exposure greater than 15 to 20% given the current global economic environment and the hyper-parabolic nature of the current price move. We believe the opportunity presented by the upside advances does not negate the potential risks of a massive collapse event taking place in the near future. In other words, we’re more cautious of how ugly and aggressive the end of this parabolic move will be than willing to try to find some opportunities in an already hyper-extended parabolic upside price trend.”
USAGOLD note: Vermeulen issues a clear warning of the “no fear rally” currently in progress in the stock market. “Why,” he asks, “do you think Gold has rallied to levels near $1800 over the past 4+ years?
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