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Well said mate.

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TassieTrader

528 Posts.

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13/05/20

20:02

Post #: 44604603
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Originally posted by aldo: ↑

It is fairly obvious that both Gold and Silver are trading within a range that is being held in check by the usual suspects.
This is not a bad thing because if you look back at a year ago then in US$ gold was about $1300 (give or take) and today it is around the $1700 mark.
Silver was US$ about 14.50 and today even with the ridiculous amount of price suppression we are trading at about the $15,50 mark.
To me that suggests a new and well supported floor in the base price for these precious metals.
The range it trades within, is now higher than it used to be.
Therefore by extrapolation the price can only have an upward price momentum as the demand for physical and the dirty rotten paper market accept the new base line.
Naturally there will be daily swings but it is obvious that there is only one direction that the metals will go and that is up.
Seriously folks would you put your hard earned into a negative yielding bond or with a bank where inflation eats your capital?
Good quality miners, physical and a couple of beers. Later on, convert into income producing investments bought for pennies on the dollar.
Life can be sweet if you have a good strategy for the times we live in.

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Well said mate.
6 Upvote

0 Great analysis

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