Buy Gold Now, Before It Goes "Digital" and Packs on More Gains
By PETER KRAUTH
Source: Money Morning
https://moneymorning.com/2018/01/10/buy ... ore-gains/
Silver has an excellent technical set-up right now.
Recent gains will be sustained and amplified in the months and years to come.
Silver will outperform gold in the short-run, and shares in well-managed silver mining companies will do even better than silver.
1. The first indicator I want to explore with you is the wedge being formed by the silver price, accompanied by higher lows and rising volume.
2. At the end of 2017, futures traders reached an extreme level. This past December, they had become their most bearish since 2014, and before that, since 2003. This information is useful, because such extremes have historically marked turning points.
3. The SIL/silver ratio appears to have bottomed at 1.8 and has been heading higher, meaning silver stocks are rising faster than the price of silver itself once again.
Silver Price Prediction Catalyst No. 1: Futures Contracts
Since late December, the volume of futures contracts is up roughly 75%, indicating that hedgers have turned bullish on the future of silver.
Silver Price Prediction Catalyst No. 2: The “Compression” Phase
In 2017, silver traded in a tight range, staying between $15 and $19 over the course of the year.
Silver Price Prediction Catalyst No. 3: Silver’s New Bull Is linked to Gold’s
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