{"id":174104,"date":"2020-07-27T12:20:54","date_gmt":"2020-07-27T16:20:54","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=174104"},"modified":"2020-07-27T12:20:54","modified_gmt":"2020-07-27T16:20:54","slug":"caution-advised-before-gold-targets-5000-and-silver-targets-100","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/07\/caution-advised-before-gold-targets-5000-and-silver-targets-100\/","title":{"rendered":"Caution Advised Before Gold Targets $5000 and Silver Targets $100+"},"content":{"rendered":"
July 27, 2020<\/div>
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By TheTechnicalTraders<\/u><\/a>\u00a0<\/strong><\/p>\n

Tom welcomes Chris, the founder of Technical Traders Ltd., back to the program. Chris discusses the enormous short position on silver and why it will take a while to unwind.<\/p>\n

To subscribe to our newsletter and get notified of new shows, please visit http:\/\/palisaderadio.com<\/a> Silver has hit his previous targets and appears to be moving higher. He says, \u201cWe are now in a bull market for silver,\u201d and he gives us his next targets. More upside remains for the metals, but the broader markets will probably roll-over later this year. That will likely spark a sell-off and after that correction who knows how high silver and gold can go.<\/p>\n

Currently, there is zero fear in this market, and investors are becoming overleveraged. This is typically when everyone gets caught holding the bag, and while the Fed may try, they probably can\u2019t maintain this level of market momentum.<\/p>\n

The dollar is beginning to fall, having broken its March lows and appears set up for a significant downtrend.<\/p>\n

The problems today are bigger than in 2008, and as the economy worsens, the Fed will attempt to print more, which can only be bullish for metals. Globally, interest in gold due is increasing due to concerns about the economy and policies of central banks.<\/p>

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Time Stamp References:<\/strong>
\n\u2013 Shorts are starting to sweat.
\n\u2013 Silver technicals.
\n\u2013 Timeline for targets.
\n\u2013 Exposure and volatility.
\n\u2013 US Fiscal cliff and the dollar.
\n\u2013 Gold and Silver in a general equity drop.
\n\u2013 Transportation index and signals.
\n\u2013 Trend for oil and possible correction.
\n\u2013 Real estate and commercial in particular.
\n\u2013 Caution from here?<\/p>\n

Chris Vermeulen \u2013 TheTechnicalTraders.com<\/strong><\/a>
\nTwitter: @TheTechTraders <\/strong><\/a><\/p>\n