What I called back in mid November has came to fruition:
Gold is finally gearing up for its 'true bull run'. What we saw this year was a premature run based off USA-China trade, however now, we will start to see the real bull in the making.
A re-test of 155-1560 is very likely before between late January and early February with new multiple year records...
This could be the push I have been waiting for since we last tapped 1000. Platinum is mainly used for catalytic converters in electric cars. My Nio calls doubled so maybe this will too.
Palladium has quietly ran up as much as 65% YTD at one point with a likely 'finish' around +53-54%. In my forecast, I believe Palladium will reach roughly 2400-2500 by the end of 2020 with a more aggressive short coming sometime in Q1 in 2020 (Jan, Feb or March) and one later in the year in Q4 of 2020 (October, November or December).
Production relative to demand...
Yields are going to drop and markets are going to set record highs in 2020. This will put short term to mid term pressure on gold and silver prices. At the same time it will be perfect to get your core position in gold and silver and good miners stocks.
Gold perform channel down since september, and this pattern still not break yet.
we also have fibonacci resistance as bullish confirmation point at 1489 . If this level break up, bullish continue to reach 1514.
But if 1489 cannot break up, bearish will perform with 4 target :
1470 at rising wedge support
1450 at november low
1418 at channel down support and
1384...
Before I begin my discussion on Inflation and Deflation, I want to preface by saying I still expect the US Dollar will be going higher, and this will exacerbate the world's problems. This is linked below.
Of all the questions I receive regarding economics and monetary policy, the question on what is inflation and deflation, and why it is important, is at the top...
Gran Colombia is one of the more promising mining stocks in the Gold industry that represents a solid small-cap type of choice to tag along in this impending precious metal rally.
There have been a number of investments including that from Eric Sprott a while ago pouring several million dollars into GCM. Moreover, the company actually has growing production and...
The rally that was spotted long before it started overshoot by a lot. Though it is possible in abcde and nowadays is even likely to happen. Taking shorts here. Surprisingly metals and US stocks have moved in unison on tiny volumes before and during holidays. What would it mean? Usually, they move in the opposite direction. I expect this correlation to break soon...
Platinum, alongside Gold and Silver are one of my top outperforming sectors for 2020. However, Platinum is incredibly undervalued and has ALOT of catching up to do.
I believe Platinum will do what Palladium did and quietly run up at-least 35-40% in 2020 (possibly 50-60%) with very little slowing down until it reaches at-least 1700-1800. In fact, I wouldn't be...
As precious metals have slowly gained momentum late this year again, USLV is part of my two step post of updating people on what JNUG and USLV will look like in the coming months.
On JNUG, I believe 130 is possible by Q2 2020. Consequently, I see big gains in 2020 for Silver as well and I believe it is very possible to see USLV in the $165-175 range by March or...
Franco-Nevada continues to be one of my top stocks to be apart of for this impending precious metal run that I have forecasted for 2020. Whats interesting about FNV is it is fairly low in volatility and has none of the risk the mining sector can bring alongside, including that of high short interest.
With a portfolio also expanding into the energy sector, which...
Gold and Silver are making moves over the last couple of days with each breaking out of their respective wedges. Interesting times on the horizon.
I also believe this could also hint at a bottom for Bitcoin as smart money looks to hedge in a precarious global economic climate.
Each year there is a high value trade that forms after the final Q4 FOMC. Today we have seen big 1 million + blocks on $FCX. I believe a follow up move is coming for gold for the strongest time of the year to FEB.
Stock Blocks
$FCX
1,463,000
13.10
Silver and Gold formed descending triangular wedges and have broken-out of them recently. Gold changed its course from downside to neutral to upside back in November, while Silver has been meandering for longer. As of now, the trend for Gold, Silver and Platinum is up.
I am targeting quite a good year for the precious metals in 2020 and expecting Platinum to make...
For those that follow my ideas, one of my top performing sectors of 2020 is the Canadian Energy sector in which will be set to rebound relatively strongly after being decimated for the past while. Specifically, I believe the Canadian Energy sector will quite strongly outperform the US Energy sector from a shift in policy, increase in cap-x and more money entering...
My followers and readers know my fascination and excitement about Gold and Silver. Being well versed in economic history, one cannot avoid Gold. Human history is cycles of hard money and soft money, and come 2021, we will be in the 50th year of this soft/fiat money cycle. Interestingly enough, Neil Howe and William Strauss in their book “The Fourth Turning”,...
Here's your metals and your energies!
High R/R longs, who knows.
World in the state that it is, and troops in the five figures being prepped to go overseas to fight for resources, this could be your portfolio hedge against the neocons succeeding.
