This article was contributed by Tom Beck of Portfolio Wealth Global.
I can’t even recall the number of times that I’ve STRESSED THE UNDERVALUATION of silver since January 2017, since the letter was founded; it’s in hundreds, perhaps even thousands of articles.
My letters have been featured in many other publications, yet silver’s MARKET SIZE is so small that only a few are benefiting from this and that’s the way IT SHOULD BE if the masses chose to be indifferent about it.
Doubting the inevitability of this rally was a FOOLISH MISTAKE.
At 120:1, silver was more than a bargain, it was A SCREAMING BUY. The trade was so obvious, yet so few TOOK ADVANTAGE of it.
Courtesy: Zerohedge.com
For silver, the next TRAIN STOP is here. At $27, it is entering a FAMOUS RANGE – between this price and $36 – and it will be a WILD WILD WEST showdown.
Clearly, gold and silver are indicating that the REAL ECONOMY and the stock market economy are not transmitting on the SAME FREQUENCY.
If you look above, silver has many doubters in this area. It fought for years to stay above $30 and attempted to CRACK PAST $35, but it proved TOO DIFFICULT a task, save for that one time when it did, and then went all the way to $49/ounce.
I was there in 2011 and I was selling, mostly at $42, which turned out to be very smart, since it then crashed severely and has never recovered to that price again.
Just like in 2011, we, the investors of 2020, only need silver to PENETRATE $35/ounce and go past it to the outskirts of the universe just the ONE TIME.
When it does, we’ll be there with BELLS AND WHISTLES, waiting to eat the cake and leave it whole.
Courtesy: Zerohedge.com
We are clearly seeing SOMETHING SPECIAL; a moment of historical significance. Right around $2,180, gold will meet a 40yr resistance line, which it FAILED TO BREACH in 2011.
I have a great feeling that it will this time around.
WE ARE KICKING ASS!
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Silver will skyrocket I agree but what good is it if your in the middle of WWIII. The only use silver will have is its ability to create colloidal silver, that’s it folks. Owning it will do nothing else
The precious metals prices should be examined with the relative value of the DOLLAR in mind. The reckless spending by congress critters & devaluation of the DOLLAR (Thank you Federal Reserve) have led to the extreme changes we see lately. The RATIO of Precious Metals Valuation to DOLLAR value is the primary factor in current PM prices. I try to own some PMs as a HEDGE against the insanity of world currency management
The attached site gives us a pictorial representation of different quantities of DOLLARS (using $100.00 bills)
http://www.pagetutor.com/trillion/index.html
trump has just arbitrarily halted payroll tax collecting that both
undemines the dollar (Gold UP tonight) and
undermines Social Security & Medicare (His OWNERS rejoice)
Are you retirees ready to return to the NON-job market?
The misdirectional hydrochloraquine assault against medical security (It Is a real issue) is dire enough to distract the overwhelming majority of even the acceptably aware away from the imploding global circumstance of fiscal irresponsibility (White Coat Summit, Frontline Doctors).
Nobody not already “chosen” will survive the next 20 years.
DanD
Invest in lead.