In the same category

TOUGH AS NAILS: SILVER CHEWS THROUGH RESISTANCE!

IMG Auteur
Published : August 04th, 2020
584 words - Reading time : 1 - 2 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
[titre article pour referencement]
0
Send
0
comment
Our Newsletter...
Category : Gold and Silver

This article was contributed by Tom Beck of Portfolio Wealth Global. 

This past Thursday, we issued an OFFICIAL WARNING about a short-term breather for precious metals – we were thrilled to see it only lasted for 24hrs.

This is the MOST ROBUST we’ve seen both metals trading in just over a decade. If the year ended today, gold’s 29.6% return in 2020 would be its best since the year 2000!

Truly, this is one of the best years for the precious metals sector IN LIVING MEMORY.

As expected, when a special commodity like gold hits a new ALL-TIME HIGH, there’s media coverage as well as fast-building momentum.

You can see below that gold is IN DEMAND.

Courtesy: Zerohedge.com

Silver, though, is the REAL STAR of the show in recent weeks. I’ve not seen CNBC, MarketWatch, Bloomberg or other major financial publications, like the WSJ or Barron’s, cover anything about its more than 100% return, since the MARCH LOWS or about the fact that the GDXJ and GDX are outperforming the NASDAQ 100!

All I’m hearing about is gold, and I’m telling you that’s NOT WHERE the major gains will come from, going forward.

Gold has double-digit upside, perhaps even low triple-digit since nobody knows where this currency stimulus experiment is going and when it is ending, but we do know ONE THING for certain: DOLLAR BEAR MARKET has arrived!

The chart below leaves no room for debate on this matter; the 10yr trend-line has broken and we anticipate it reaching as low as 60, a 33% decline from today’s value (that’s a MASSIVE PULLBACK in the currency sphere)

Take a look:

Courtesy: Zerohedge.com

There is still $5,000,000,000,000 parked in money market accounts – a RECORD-HIGH. In the coming weeks and months, as more evidence COMES OUT that Covid-19 is easily cured by using READILY-AVAILABLE medicine when caught in the first five days, the public will go back to feeling safe.

Up to this present moment, I personally haven’t felt even a shred of doubt that this virus is a MEDIA BLITZKRIEG and that the facts do not align with the fear-mongering; don’t settle for what CNN and NBC are puking at you – research on your own.

One habit that I’ve practiced since the age of 21 is to CONSUME ZERO MSM programming.

I’m extremely grateful to the mentor who came into my life, and told me to SHUT MY EYES to what the traditional media focuses on and to only consume QUALITY CONTENT.

Using the garden as an illustration, he said that the MSM is like weed growth and that my job is to ROOT THEM OUT.

Courtesy: Zerohedge.com

Most Americans, unfortunately, haven’t searched for mentors, so they get their REALITY PROPAGANDA from the media, which is literally engaged in DELIBERATE MISINFORMATION and has no regard for the truth.

The above chart is the result; a quarter of Americans get their income from the government, which gets its income partly from taxes, but mostly from ISSUING unsustainable DEBT.

I’m stunned how unprepared people are for the worst financial regression of their lifetimes.

We’re entering a decade of stagflation and 50 million people are unemployed.

The world has lost $10tn of GDP this year and this is my message to you:

  1. SILVER will be worth over $50/ounce by 2022.
  2. Quality mining stocks will double, triple and quadruple.
  3. The next major financial crisis will invite FOREIGN PRIME MINISTERS to discuss replacing the dollar system.
  4. The time to prepare is YESTERDAY!
Please follow and like us:
Source : www.shtfplan.com
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS