Silver

Chinese investors are abandoning their own stock market and seeking exposure to growth in the US and Japanese markets. Gold could be sold in the short term in a deflationary wave, but it would also serve as the ultimate refuge for international investors disappointed by a stock market they believed...

Two of the world's largest silver mines, located in Mexico, closed their operations. Silver stocks on the Shanghai Future Exchange are falling. Andrew Maguire says that wholesale silver is not trading at the COMEX silver price or the LBMA fixing, but at a much higher price.

This week we will look at Gold's price as a series of large ascending channels that will provide a framework for where price could go by the end of the decade.

The minimum investment required for the first order has been lowered from $10,000 to $5,000. The minimum investment for subsequent orders has been removed.

The total mismanagement of the US financial system has led to the dollar losing 98% of it’s value since Nixon closed the gold window in 1971. Most other currencies have followed the dollar down at varying speeds.

As we start a new trading year, gold and silver are both presenting long term set-ups that may well propel price to much higher levels over the coming years.

This week we'll look at the fascinating 100-year chart of the United States Inflation Rate as well as long-term charts of inflation-sensitive Silver and Oil to see if we can find clues about where inflation could be headed next.

The Fed's change of tone offers a different outlook for precious metals: with the dollar weakening, fears of recession, lower rates and the threat of renewed inflation that a Fed pivot would generate, gold has every chance of resuming its upward trend as early as next year.

Gold's resistance, which prevented any monthly close above $1,995, was breached, closing at $2,035 on Thursday 30 November. Taking advantage of the gold rally, the silver price broke through the oblique resistance that has held it up since its 2011 high.

After falling into the mid-$1,800s this fall, the Gold price has taken off and is once again threatening its All Time High. With all eyes on Gold, Silver is quietly flying under the radar as it usually does prior to big advances.