Gold, Silver & Other Precious Metals 17 (May 19 - Jan 23)

[behappyalways]

The below-ground stock of gold reserves is currently estimated to be around 50,000 tonnes, according to the US Geological Survey.
To put that in perspective, around 190,000 tonnes of gold has been mined in total, although estimates do vary.
Based on these rough figures, there is about 20% still to be mined. But this is a moving target.

How much gold is there left to mine in the world?
https://www.bbc.com/news/business-54230737

[winston]

How To Ride This Precious Metals Bull Market To The Top

by Don Durrett

Summary

Focus on quality mid-tier producers that have good upside potential.

Create a strategy that is dependent on assumptions on how long this precious metals bull market will last.

Use an exit strategy that allows you to ride the precious metals bull market to the top.

The gold bull market began in July 2019 (see chart below). We reached an ATH (all-time high) of $2079 on August 3rd, 2020, and have been consolidating for about a month now. The next move could go either way in the near term, but if the bull market remains, then we should go much higher.

The silver bull market began in July 2020 (see chart below). Once silver breached its channel at $18.50, it ran to $29 in about six weeks.

After it reached $29.90 on August 3rd, silver has been consolidating between $26 and $29. The next key level, in my opinion, is $31, because once we get above $30, there is not a lot of technical resistance to prevent a big run to a new ATH at $50.

Conversely, I think that we could easily retest $21 or $22 before reaching $31.

Source: Seeking Alpha

https://seekingalpha.com/article/437603 ... ent=link-7

[winston]

You Want to Own Silver Today

by Bill Shaw

Gold hit its all-time high last month. But silver still has a long way to go before it reaches its all-time high of about $50 per ounce. It would need to more than double from its current price.

A gold-to-silver ratio of 80 is considered high. Historically, the ratio tends to pull back after hitting that level.

Silver also tends to rise faster than gold during boom times. So in precious metals bull markets, this ratio tends to fall quickly as silver outperforms.

But since silver trailed behind gold for much of the past two years, the ratio stretched higher than ever before. It eventually reached an all-time high of about 125 in mid-March.

During the last bull market in precious metals that ended in 2011… The ratio dropped all the way to around 35.

Source: DailyWealth.com

https://dailytradealert.com/2020/09/26/ ... ver-today/

[winston]

Is Gold About to Move Higher?

by Giles Coghlan

Long-term, there’s a lot to suggest that even at these levels gold could be a solid investment.

Short-term, it’s anyone’s guess.

However, as far as the recent price action is concerned, we’ve seen a successful retest of the $1800 level, consolidation, and as you will see below, a bullish break of that aforementioned symmetrical triangle.

All of which are strong bullish signals.

What we need now, in order for the bull case to be confirmed on the shorter timeframes, is a break above $1993.

This is the last lower-high gold set on the 4-hour chart.

After that, the next price level to watch is $2015 and finally the recent all-time-high of $2074.

Source: FX Empire

https://finance.yahoo.com/news/gold-mov ... 00807.html

[winston]

SLV: Buy The Pullback In Silver

Summary

Silver fundamentals are setting up for a strong rally over the next year, as both market volatility and relative performance to gold are bullish at this point.

The technical picture suggests that silver is likely going to continue trading higher.

SLV is protected from roll yield losses due to its physical holdings, which is a benefit to shareholders.

Source: Seeking Alpha

https://seekingalpha.com/article/437626 ... ent=link-7

[winston]

Gold-Stock Seasonal Plunge, Correction Probably Not Over Yet

Nowhere near oversold…

by Adam Hamilton

Another factor is coming into play which could accelerate gold-stock downside over the next month or so, seasonality.

The gold stocks are on the verge of their biggest seasonal selloff of the year, which runs from late September to late October on average.

Source: Silver Doctors

https://www.silverdoctors.com/gold/gold ... -over-yet/

[winston]

We’re Buying Gold On This Dip

by Shah Gilani

There’s the coming election, more fiscal stimulus on the horizon, more money-printing, interest rates being kept lower for longer, the prospect of inflation ahead, and maybe, most importantly, retail traders and investors are going to get back into gold because they see all the above “narratives” playing out.

Source: Total Wealth

https://dailytradealert.com/2020/09/29/ ... -this-dip/

[winston]

Two Key Lessons for a Booming Gold Market

by Rich Checkan

Baruch Tenet: I don't want the first 20% or last 20% of profits from any investment. All I want is my 60% in the middle.

In other words, he did not invest until a trend was established, and he didn't wait until the bitter end to sell, hoping to catch a top.

Here is where I follow the wisdom of the legendary Baruch:-
1. I wait for the trend to establish itself. Then I buy.
2. As gold and silver climb in price, I continually rebalance my position, along with all my other for-profit investments.
3. If gold or silver doubles, I sell half. No emotion. I just do it.
4. If I see dips, I add. Again, no emotion - just doing.
5. If I do this all along the way, I am taking profits while I continue to participate in the bull market.

How to Tell a Top From a Bull Market Dip

I do this by looking for a few key signals...
1. A bull market nearing the 10-year mark
2. Gold appreciating to two to three times its previous bull market high
3. Gold/silver ratio of 35 to 50
4. Market sentiment
5. Interest rates and real returns
6. A decrease in uncertainty, and, as a result, stock market volatility
7. A decrease in geopolitical crises and social unrest.

One or two of these triggers do not signal the end of the bull market. Three to four triggers make me pay closer attention... ready to exit my position

Source: Oxford Club

[winston]

vested

SLV Likely to Bring Pain – And Rewards

By DAN MOSKOWITZ

Source: Investopedia

https://www.investopedia.com/stock-anal ... m=referral

[winston]

Owning Precious Metals, Particularly Gold, is a Smart Bet Right Now

by Dr. Steve Sjuggerud

Right now, we are seeing signs of another inflation rally… one that could mean a dramatic rise in gold prices.

Source: DailyWealth.com

https://dailytradealert.com/2020/11/14/ ... right-now/