{"id":168168,"date":"2020-04-05T13:38:27","date_gmt":"2020-04-05T17:38:27","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=168168"},"modified":"2020-04-05T11:44:53","modified_gmt":"2020-04-05T15:44:53","slug":"precious-metals-are-about-to-reset-like-in-2008-gold-bugs-buckle-up","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/04\/precious-metals-are-about-to-reset-like-in-2008-gold-bugs-buckle-up\/","title":{"rendered":"Precious Metals Are About To Reset Like In 2008 – Gold Bugs, Buckle Up!"},"content":{"rendered":"
April 5, 2020<\/div>
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By TheTechnicalTraders<\/u><\/a>\u00a0<\/strong><\/p>\n

– For years, many Gold Bugs (investors who\u2019ve been advocating buying Gold and Silver at low prices as a hedge against future global economic risks) were shunned as conspiracy theorists and nuts. How could these people believe Gold and Silver were solid investments when the Global equities markets were rallying 5% a year consistently \u2013 what could go wrong?<\/p>\n

Over the past two weeks, I have personally received multiple phone calls and emails from friends and associates asking how these people can suddenly \u201dbuy physical metals\u201d. In one case, this individual was purchasing Airline and Food Services stocks in late February thinking this move would be short-lived and telling me how the airlines would recover quickly after this is all over.\u00a0 Now, that person wants to know my secret contacts for buying physical metals.<\/p>\n

If you know any Gold Bugs, you know we\u2019ve built relationships with suppliers, friends and other Gold Bugs throughout the year. Believe it or not, I can still buy physical metals from a few of my closest associates in the industry.\u00a0Eric Sprott is a fan of my precious metals forecasts<\/strong> and talked about my work a few times publicly. Eric owns SprottMoney.com<\/a><\/strong>.<\/a> the other source is SDBullion.com<\/a><\/strong>. Both of these are my most trusted sources for buying physical gold and silver, I have never had any issues with them and customer support is top-notch!<\/p>\n

Yes, the prices have begun to skyrocket a bit \u2013 Silver especially.\u00a0 But I can still buy physical metals because I have a deep resource of friends and suppliers.<\/p>\n

What\u2019s going to happen over the next few weeks is that more and more average people are suddenly going to realize they should have been buying metals as security against risk.\u00a0 Paper metals are going to explode as well, but physical metals will demand a premium that is much higher than paper\/spot price. Right now, one ounce of Silver is going for about $21 to $25 per ounce in physical form (depending on my sources).\u00a0 The current SPOT price of silver is $14.50. That means the premium for physical Silver is between +45% to +75% right now in the open market.<\/p>

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Before we continue, be sure to\u00a0opt-in to our free market trend signals<\/strong>\u00a0<\/em>
\nbefore closing this page, so you don\u2019t miss our next special report!<\/em><\/p>\n

Daily Gold Chart<\/h3>\n

This Daily Gold chart highlights the upside Fibonacci price targets using our Adaptive Fibonacci Price Modeling system.\u00a0 We believe the next upside price target for Gold is $1825. A higher upside price target is visible on this chart near $1950 and we believe Gold prices will reach this level eventually.\u00a0 But we believe the current $1825 level is the immediate target.\u00a0 This would represent an immediate +10 upside price advance and would establish NEW HIGH prices for the past 9 years.
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Silver Daily Chart<\/h3>\n

This Silver Daily chart also highlights our Adaptive Fibonacci Price Modeling system and shows an upside price target of $17.25.\u00a0 Remember, the current physical demand for Gold and Silver has skyrocketed over the past 2+ weeks. The Spot price is really not indicative of the open market price of physical at the moment.\u00a0 If Spot Silver moves to $17.25 as we predict, that would be a +19% upside price advance.\u00a0 If Silver advances to $18.25, that would be a +26% upside price advance.<\/p>\n

You should also take a look at our silver chart from 1999<\/strong><\/a> and what happened then, and should happen again now as well.<\/p>\n

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Silver Bugs are loving the setup right now because they know the pattern that sets up in the Metals market when a crisis hits.\u00a0 First, Gold begins to rally faster than Silver and the Gold to Silver ratio spikes higher.\u00a0 Then, once the shock-wave of the market crisis subsides, the metals begin a fairly usual price advance where both Gold and Silver advance \u2013 in unequal forms.\u00a0 This is when the real fun for Gold & Silver Bugs begins.<\/p>\n

Gold to Silver Weekly Ratio Chart
\nTHE SILVER LINING<\/h3>\n

Take a look at this Gold to Silver Weekly Ratio chart.\u00a0 This chart measures how much one ounce Silver it takes to purchase one ounce of gold at current prices.\u00a0 Notice that spike in the ratio back in 2008?\u00a0 That was the spike in gold prices relative to Silver prices as the top formed in 2008 and the \u201cshock wave\u201d struck global investors.\u00a0 What happened?\u00a0 Everyone tried to pile into the Gold trade and ignored Silver for about 6+ weeks.<\/p>\n

Then what happened to the Gold to Silver Ratio?\u00a0 It COLLAPSED from levels near 85 to a bottom hear 31.\u00a0 That means the price of Silver advance almost 3x faster than the price of Gold over that span.\u00a0 In order for the ratio to fall from near 90 to levels near 30, that indicates a very expansive price increase in the price of Silver.<\/p>\n

Now, take a look at what has happened just recently in the Gold to Silver Ratio\u2026\u00a0 another massive price spike.\u00a0 This time, the spike reached levels near 120 (Yikes).\u00a0 Can you guess why Gold and Silver Bugs are so excited right now? If another price advance takes place in precious metals which is similar to the 2008~2011 rally, Gold may see a 300% to 500% rally and Silver may see a 450% to 900% rally over the next 2 to 3 years.<\/p>\n

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View chart by TradingView.com<\/a><\/figcaption><\/figure>\n<\/div>\n

This is no joke.\u00a0 Physical metals are why Gold and Silver Bugs believe the value of having it in your hands is much better than owning an IOU from a broker or bank.<\/p>\n

Get ready for some incredible price moves in the metals markets and congrats to all the Gold and Silver bugs out there.\u00a0 Our analysis says our patience and accumulation of physical metals will soon pay off in a big way.<\/p>\n

As a technical analyst and trader since 1997, I have been through a few bull\/bear market cycles. I believe I have a good pulse on the market and timing key turning points for short-term swing traders.<\/p>\n

I hope you found this informative, and if you would like to get a pre-market video every day before the opening bell, along with my trade alerts visit my\u00a0Active ETF Trading Newsletter<\/strong>. If you are a long-term investor with any type of retirement account and are looking for signals when to own equities, bonds, or cash, be sure to become a member of my\u00a0Long-Term Investing Signals<\/a><\/strong> which we issued a new signal this week!<\/p>\n

Ride my coattails as I navigate these financial markets and build wealth while others lose nearly everything they own during the next financial crisis.<\/p>\n

Chris Vermeulen
\nChief Market Strategies
\nTheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By TheTechnicalTraders\u00a0 – For years, many Gold Bugs (investors who\u2019ve been advocating buying Gold and Silver at low prices as a hedge against future global economic risks) were shunned as conspiracy theorists and nuts. How could these people believe Gold and Silver were solid investments when the Global equities markets were rallying 5% a year […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-168168","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=168168"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168168\/revisions"}],"predecessor-version":[{"id":168172,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168168\/revisions\/168172"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=168168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=168168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=168168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}