Markets move in three phases. We have had two legs up in the gold and silver
markets with one left.
The silver market went from $5 to $21 and pulled back to under $9 in the financial crisis of 2008. From there the silver market rallied to nearly $50 in May 2011. The low for the last move is in, silver hit $12 in March of 2020 just when Covid hit the mainstream. All that is left is for the last piece of this incredible puzzle to fit into place. The final leg UP is huge in price appreciation and once started accelerates rapidly, leaving many that were waiting for the big move left
behind.
For example, in that last major bull market silver went from $6 in January of 1979 to $50 in January of 1980. A gain of 850%.. The current market can be expected to do at least as well because we will be in a worldwide panic out of stocks, bonds, real estate, currencies, and life insurance and into one asset class- precious metals. We may see oil and energy stocks move wildly as well.
When every investment is being sold for whatever the market price will bring and ALL of
those proceeds chasing into a market that represents only one percent of the total financial system the move in percentage terms will be monumental. This suggests a move in silver from the twelve dollar low of March 2020 to $100 minimum. Two hundred is more likely as markets overshoot during frenzies and this will be a market that will set records in so many ways.
The governments of the world may try and stop the run to gold but nothing can hold this back. Further, the BRICS nations are
likely to add to the buying pressure by adding to their gold holdings while the West may try and discourage gold buying only to watch their scheme backfire.
If You're Thinking That Having Precious Metals In Your Portfolio Is Not Important, You're Going To Miss The BIGGEST MOVE In History... |