Gold and Silver Mining Stocks Near Inflection Point! See It Market
Author: Gold News Club
Endeavour Silver Corp (EXK) Q4 2019 Earnings Call Transcript Motley Fool
Snippet:
Silver finally showed some spark with a solid 4.5% gain this past week. With an RSI still under overbought levels at 70 silver could have further to run. Our only concern, as we note below, is that while gold is making new 52-week highs silver is not. Silver is still suggesting that it could hit potential targets up to $20.30/$20.50 based on the triangle that formed August to December 2019. The flag formation that formed in January/February 2020 suggests targets of $19.40/$19.50. Once silver breaks over $18.60 we could also have potential targets up to $21.80. Some words of caution are that besides silver lagging gold the commercial COT for silver is sliding further as well. Nonetheless, the action was positive this past week for silver and we should see higher prices this coming week. There is some resistance at $18.90 and again up to the August 2019 high of $19.75.
Source:
Technical Scoop: Irrational exuberance, COVID-19 surprise, negative spread, gold target, divergences abound, stimulus fuel
Monday, February 24th
Snippet:
◆ Popular and liquid bullion formats should be taken possession of and also stored in liquid, secure storage in their own country and at least one other safe jurisdiction
◆ Zurich remains the most liquid and safest places in the world to own gold and silver coins and bars
Source:
GoldCore
◆ Silver bullion is set to outperform gold and vastly over valued risk assets of stocks and bonds in the coming years
Monday, February 24th
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What would you put in a 100-year portfolio?
RCMAlternatives/Staff/2-21-2020
“The optimal portfolio, since 1929, included risk weighted combinations of Domestic Equity (24%), Fixed Income (18%), Active Long Volatility (21%), Trend Following Commodities (18%), and Physical Gold (19%). This allocation is highly unorthodox compared to a Traditional Pension Portfolio dominated by equity Linked Assets (73%) and Fixed Income (21%).”
USAGOLD note: “On a long enough timeline every strategy sucks,” quips RCM Alternatives on Artemis’ approach to the 100-year portfolio. That explains the 19% portfolio commitment to physical gold, the portfolio inclusion for all seasons.
ForexLive/Justin Low/2-21-2020
“In a note on its commodities outlook, Goldman argues that the outlook for lower US yields and weaker equities ‘creates further upside risks to our gold forecasts with gold pushing towards $1,750 should the coronavirus be contained during Q1.’”
USAGOLD note: Goldman sees political uncertainty, geopolitical risks, de-dollarization and negative yields as the chief inducements for gold ownership and the coronavirus as a kicker that could intensify the underlying uptrend.
Image courtesy of Visual Capitalist
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