Supply & Demand

The gold/silver ratio is yet to signal 'game on' for the PM bull. Are we nearly there ?

This week I will discuss Fed bubbles and a potential imminent major market event, including an extremely important chart and also the safest private gold vault in the world. But first, last week was overshadowed by Iraq and Iran, which again has reminded us of terrorism in various forms.

The central question for 2020 is whether the markets will continue to have confidence in the stabilizing powers of Robert Kaplan (Dallas Fed Chairman) and his fellow players, or whether they will feel that the party has definitely gone on long enough.

Gold targeting $1700+, possibly $1800 area. Silver somewhere in the $20-$22 range, with $24-$28 a possibility.

If I’m talking about Caracas, it’s to draw a parallel with Wall Street. In Venezuela, the stock market goes up because the currency devalues... The same is true in New York.

Gold is now a major bullmarket as evidenced by its strong breakout from a giant 6-year long base pattern in August. The larger trend is up. We had thought that it might react back closer to the breakout point before turning higher again, but it didn’t, and started higher again in recent days over...

The end of the year should see silver prices rise sharply. One thing is certain, 2020 and 2021 will mark a major turning point in the History of money. Hang on to your precious metals. They are your security in the mess ahead.

Charts laying out my views for the gold price in 2020 and beyond.

Gold - very similar pattern to our last big breakout and $150+ advance.

When stock markets fall, precious metals will continue their secular bull market which initially started in 1971 with the last leg starting in 2000. Anyone doubting that we are in a bull market needs to look at the annual charts of gold in US dollars and Euros.