Supply & Demand

Gold bullish wedge breakout. $1700 next.

In 15 days, the price of an ounce of gold in euros has risen from €1555 (first fixing on February 24 in London) to €1443 at the time of writing. With a low of €1437 per ounce, this represents a drop of 7.59%. And, since March 6, the price seems to have started to fall again. Should we be worried...

This is it! The party is over. The world is now facing the gravest economic and social downturn in Modern Times (18th century). We are now entering a period of global crisis that will change the world for a very long time to come.

The economy is being hit hard by the coronavirus pandemic, the risk of recession is looming, and now the central banks are rushing in like a white knight!

In the short and medium term, the value of stocks, bonds and currencies should undergo a violent readjustment due to the explosion of the debt bubble, hang on to your precious metals, which conversely will be very strongly revalued upwards.

In order to provide ever more complete information on gold and silver prices, Goldbroker.com has recently deployed new charts and tables :

I am more bullish than ever on precious metals. Look at these charts - big picture, nothing has changed. The recent correction is clearly not a concern. What do you think will happen when the stimulus comes ?

In this insightful interview, Max Keiser and Egon von Greyerz talk about the 2010s as a decade of fantasy and decadence. The Dow/Gold ratio has now turned down and will crash 95% according to Egon. That takes the ratio back to a 1 to 1 level where it was in 1980 when the Dow was 850 and gold was...

There is a secret investment that virtually no investors are aware of. This is an investment that despite government manipulation and being besmirched by MSM still has outperformed all asset classes in this century.

Silver continues to put in a laggardly performance relative to gold, but this is not a cause for concern, it is normal at this stage in the cycle, and it gives would be investors in the sector more time to position themselves.