The bull market in gold and silver ran into some serious turbulence but investors should look for a V-bottom in gold and silver as the takedown runs out of steam, and when this breaks out all hell will break loose.
Gold & Silver V-Bottom
September 24 (King World News) – James Turk: With previous support levels broken, the best outcome for gold and silver is a V-bottom, like gold formed in March. With central banks debasing the purchasing power of currencies and governments accepting the illusion that MMT is viable, the reasons to buy physical metal remain.
Expect V-Bottom For Gold & Silver
The Daily Shot: Concerns about higher inflation are resulting in record flows into inflation-linked Treasuries (TIPs).
INFLATION FEARS: All-Time Record Inflows Into Inflation Protection ETFs
And Yet Another All-Time Record
Frederik Ducrozet, Global Macro Strategist: The €158 billion net liquidity injection from the ECB’s TLTRO-III.5 will likely push excess liquidity above the €3 trillion mark by October, for the first time ever. (See chart below).
Eurosystem Excess Liquidity Approaching €3 Trillion!
Utopian Scenario For Gold & Silver
Otavio Costa: The overarching message from central banks remains consistent:
None of them can sustainably afford having a strong currency.
– Artificially low rates
– Ballooning deficits
– Extreme monetary dilution
– Historically inflated risky assets
A utopian scenario for precious metals. (See chart below).
GOLD PRICE ADJUSTED FOR INFLATION:
Massive Cup & Handle Formation
When This Breaks Out All Hell Will Break Loose
Also of importance…
Higher Grade Silver Than The Legendary Spanish Mines
Joseph Hebert: “Eric, we are extremely encouraged because the latest hole we just drilled yielded almost 11 kilos of silver, and it’s looking very much like the legendary mines the Spanish reported as late as the year 1600. The Spanish were averaging 4 kilos of silver and we just drilled almost 11 kilos of silver. And this is not an isolated event. We are pulling kilo+ numbers on 4 separate targets and we are going to test 10 targets in the next 8 months. The trajectory is still upwards on our results. Also, we just brought on a second drill rig because we are far enough along on our advanced targets. So our news flow will be strong with new drill results being released every 2 1/2 to 3 weeks.
Highest Grade Drill Results In South America
Eric, these are the highest grade silver numbers getting drilled in South America right now. And despite this sharp pullback in the price of silver, the bull market in silver is far from over as we are still in the early stages of this gold and silver bull. For investors who are looking for a company that is highly leveraged to the price of silver, we provide that and then some because we also provide exposure to gold as well. Outcrop Gold, symbol OCG in Canada and MRDDF in the US.
Gold, Plus Some Good News For Silver Bulls
***ALSO JUST RELEASED: 20 Year Trend, Panic Selling “Puts Money In My Pocket As I Know Gold’s Going Higher,” Plus Finally Some Good News For Silver Bulls CLICK HERE.
***To listen to 8-time Graham & Dodd Award Winner Rob Arnott, whose firm oversees $150 billion click here or on the image below.
Rob Arnott: Legend And 8 TIME Graham & Dodd Award Winner!
***To listen to Stephen Leeb discuss the upcoming chaos and why gold and silver will be the primary beneficiaries click here or on the image below.
***To listen to billionaire Ross Beaty discuss the coming chaos and why gold and silver will be the primary beneficiaries click here or on the image below.
Billionaire Ross Beaty, Chairman of Pan American Silver!
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