Silver

The price moves in the coming months and year are likely to be spectacular. The combination of technical and fundamental factors can easily drive gold well above $3,000 and silver to new highs above $50.

The price of gold continues to rise, despite the persistent lack of interest shown by Western investors. The decline in outstandings continued in March, albeit less pronounced than in previous months. Even so, this is the tenth consecutive month of outflows from gold-backed ETFs!

China’s central bank purchased gold for the 17th consecutive month in March, extending a buying frenzy that has helped drive the price of the precious metal to a record high.

The U.S. Treasury bond-buying program is impacting the markets, with potential implications for the dollar and precious metals, notably gold and silver.

The silver/gold ratio indicates a major move ahead for silver, which has already surged 10% in a week to around $27. Additionally, charts of the gold-to-US money supply and gold-to-US government debt ratios show breakthroughs, suggesting a massive bull market for gold ahead.

The world’s best kept investment secret is GOLD: Gold has gone up 7.5X this century, gold Compound annual return since 2000 is 9.2%, Dow Jones Compound annual return since 2000 is 7.7% incl. reinvested dividends.So why are only 0.6% of global financial assets in gold? The simple answer is that mo...

Gold is attracting growing interest in an international environment marked by multiple challenges and a climate of permanent uncertainty. Progressive de-globalization and contemporary societal aspirations also accentuate the importance of an independent asset, subject to no authority.

This week we'll look at a couple of charts of the silver/gold ratio that indicate silver may be about to lead gold during the next leg higher.

In a January 2024 publication, JP Morgan unveiled its outlook for the gold price. The world's leading bank, with a market capitalization of over $500 billion, stated that “a cutting cycle is expected to be positive for bullion and supportive of a rally in prices in the second half of 2024”.

Janet Yellen and Jerome Powell acknowledge mistakes on inflation. The Fed, and now the Treasury, are now preparing the markets for higher inflation, propelling gold and silver to new highs.