{"id":165169,"date":"2020-02-18T14:33:13","date_gmt":"2020-02-18T19:33:13","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=165169"},"modified":"2020-02-18T14:05:56","modified_gmt":"2020-02-18T19:05:56","slug":"getting-on-board-the-silver-express","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/02\/getting-on-board-the-silver-express\/","title":{"rendered":"Getting on Board the Silver Express!"},"content":{"rendered":"
February 18, 2020<\/div>
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By Money Metals News Service<\/b><\/p>\n

Over the last half year or so, a number of analysts, well-heeled individuals, and mega-hedge fund managers have been taking a shine to silver. So far the “restless metal” hasn’t been letting on that it’s noticed.<\/p>\n

It’s understandable why someone who either has not yet begun to commit funds to building a physical silver position \u2013 or who has not completed his or her ownership program \u2013 might think it best to wait and see if the price starts rising, thus validating the silver bulls’ call. But this kind of strategy could end up being a big financial mistake on several counts.<\/p>\n

And worse yet, Mr. Market could decide to whisk away today’s prices \u2013 and the relative availability of investment grade silver \u2013 to the point that you’ll never even take a position at all.<\/p>\n

To get a sense of how you might feel as you watch, and watch, and watch while silver makes its long overdue, third, and almost certainly largest levitation toward the ultimate high since the start of its rise in 2001, please examine the palladium chart below.<\/p>\n

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\"Palladium<\/p>\n

10 Year Monthly Palladium<\/b> (Courtesy barcharts.com)<\/em><\/p>\n<\/div>\n

After spending 5 years in a $300 price range, palladium<\/a> decided in December 2016 to put in a long-term bottom around the time that gold and silver were doing something similar.<\/p>

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Then, again like gold and silver at the time, it rallied, moving to a several years’ high around $850… but kept on going. Gold<\/a> and silver<\/a> faded away for the next 18 months, putting in a double bottom in late 2018.<\/p>\n

By the way, during this entire time, David Morgan, provided guidance for his subscribers \u2013 be they holders of The Morgan Report<\/i><\/a> Premium, Mastermind, or Insiders’ Memberships \u2013 in how to profitably trade these multiple hundred-dollar swings via futures, options, stocks, or physical palladium rounds and bullion itself.<\/p>\n

Given David Morgan\u2019s expertise in these areas, look to him being able to effectively help current and new subscribers alike do the same thing with the coming explosive upside run in silver and gold.<\/p>\n

In January 2018, palladium seemed to build out a major top around $1,150 \u2013 almost exactly where it had done so twenty years before! Just about everyone (me included) watched with trepidation as that level once again turned back prices and the metal declined by over $300.<\/p>\n

What happened next will be something chartists ponder for a long time to come. Within a matter of months, palladium proceeded to easily punch through that old $1,150 “top”… and to this day, almost 18 months later \u2013 continues to rise, seldom pausing, to, at this writing over $2,550… more than twice as high as it had ever traded before!<\/p>\n

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\"Palladium<\/p>\n

Daily $Palladium<\/b> (Courtesy Stockcharts.com)<\/p>\n<\/div>\n

Now look at the nearby daily<\/u> palladium chart. Do you think it would have been easy to “take a profit” \u2013 just about anywhere along the way?<\/p>\n

On the other side of the coin, how many people who sold out around $1,000 ever got back on to experience any of this relentless additional $1,450 “profit launch”? More than likely, very, very few.<\/p>\n

Silver’s Supply-Demand Metrics look to be building the same fundamental \u2013 and technical picture as palladium.<\/b><\/p>\n

For several years, analysts warned of a coming shortage and price spike for palladium.<\/p>\n

With silver coming off its fourth consecutive year of lower production in most of the big mining camps and robust Chindian, Eurozone, and now North American demand, silver’s building mirror image behavior to that of palladium looks more and more likely.<\/p>\n

\"Top<\/p>\n

The top 10 silver producing countries are<\/b> Peru, Bolivia, Australia, Argentina, Mexico, Chile, Poland, China, Russia and Guatemala. And get this… in nine of these countries<\/u>, silver production has been falling for the past 4 consecutive years!<\/p>\n

Rounding out the picture are these salient demand factors.<\/p>\n