Silver technicals and structure has an intact bullish makeup
The long-term analysis shows that silver has cleared all major resistance and should follow gold to a new all-time high within the next 6-12 months, possibly much faster.
The macro fundamentals are supremely bullish:
Negative interest rates and the beginning of a global currency war/easing...
Company has great gold resources and reserves and is a very strong candidate for a buyout.
If gold bottoms at 1800 and continues to 2300, I think SOI bare minimum returns to its 2016 peak (5-bagger) or potentially surpasses that level and gets near $2.0+
I've looked into the company, I like what I see for the current price. Won't go into details about the fundamentals, do your own DD .
From a technical perspective, I also like the setup. Breakout on the shorter timeframe, bull flag , and rising volume . Get in while you can.
My average share price is 5 cents on $CLASF
Holding until 5-bagger, will take profits...
The last time the gold/silver ratio was breaking out in this manner was in 1929, and following the breakout, the ratio moved higher and higher and higher for YEARS.
Be wary of the gold and silver perma-bulls.
Gold is a necessary part of every portfolio as both a deflation and inflation hedge, but silver isn't. Silver is treated as an industrial commodity by...
Retail is plowing into USO, tech, and US stocks.
Even with the "Fed Liquidity", the 1st quarter of 2020 was the largest QoQ contraction in credit conditions EVER.
The fundamental economic data is putrid. The worst ever.
and REMEMBER, corporate profits peaked in late 2018, which is also when the Russell 2000 entered a bear market.
The SPX was saved from...
M2V most recent data is from December 2019. It is likely near zero at the present moment.
Some voices are saying that the Fed liquidity and balance sheet expansion is inflationary, but the charts tell a different story.
The velocity of M2 is in complete freefall. We have reached the point where interest suppression is no longer an effective tool for monetary...
I was monitoring this ratio throughout 2019. Anyone following this could've seen that Gold was beginning to take US stocks's lunch money.
You can clearly see that US stock outperformance over Gold ended in late 2018. You can then see that a series of lower highs and lower lows were formed, and you can also see that multi-year rising trend support was violated...
Notice the time period where the rate of change began to significantly increase.
Sad that TV doesn't have the data but if you go and look, inflation from 1700-1900 was extremely stable. Not the "2%" per year inflation of today, was more like gradual deflation over time, with certainty that your money would be worth the same 100 years from now.
In nominal terms, US stocks have gone higher and higher over the last 20 and 30 years. This is priced in US Dollars.
Priced in terms of real money, stable money, the US stock markets and the US real economic growth peaked 20 years ago.
Over the last 20 years we've printed a crap-ton of money to paper over the losses and make ourselves feel richer, but it's all...
This is the Gold Miners Index to DXY ratio. This feels likes 2001 or 2009. Gold is correlating with Fed Funds, the monetary base, and the DXY like its 2009 and 2001. Gold stocks are priced like its 2009.
Since 2019 we have seen the Fed Funds Rate free fall, since September 2019 we have seen the monetary base expand past the low set in December 2016, same with...
Crazy to see that the US dollar weighted in gold lost 91% of its value from 2001 through 2011.
I think the trend continues and we finish what we started in 2008/9.
Look at 96-2001 and 2014-2019. Eerily similar.
Kirkland Lake is down 40% from gold's September high of 1550 yet Gold is pushing $1700. Its down 18% from the market meltdown. I suspect this means that if gold gets sold in the coming crash that the dip in gold and gold mining stocks will be limited not extended. It won't be like 2008.
A 60% correction from September's high puts Kirkland at $20/share. I will be...