As Long as Powell Cuts, Silver Set to Burst Upwards
No doubt about it, I am extremely bullish for the long-run in Silver. While Silver did run pre-maturely to 19.5, this was purely based on speculation and an over-zealous market that created an epic shooting-star.
If Powell cuts as many are anticipating, Silver will be poised to run up to 19.5 again rather quickly and break the 20.00 range sooner than most people think.
Over 6 months ago I predicted by the time we reached early 2020, we would be in the 24-26.00 range on Silver and I still hold my prediction firm; I was one of the first people to be consistently bullish for Gold and Silver on TradingView.
If Powell ends up being "hawkish" tomorrow (not expected), Silver would will likely retrace to about 16.75-17.3 before finding support before running up again.
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Remember, this historic bull-run in the precious metals has NOTHING to do with the trade war like the main-stream media and perma-bears try to portray. This run is due to an impending currency crisis and massive monetary easing which will devalue fiat currency relative to Gold, Silver and Platinum. It is not a matter of "if", but only "when", in terms of Gold and Silver soaring to historic levels.
- zSplit
If Powell cuts as many are anticipating, Silver will be poised to run up to 19.5 again rather quickly and break the 20.00 range sooner than most people think.
Over 6 months ago I predicted by the time we reached early 2020, we would be in the 24-26.00 range on Silver and I still hold my prediction firm; I was one of the first people to be consistently bullish for Gold and Silver on TradingView.
If Powell ends up being "hawkish" tomorrow (not expected), Silver would will likely retrace to about 16.75-17.3 before finding support before running up again.
--
Remember, this historic bull-run in the precious metals has NOTHING to do with the trade war like the main-stream media and perma-bears try to portray. This run is due to an impending currency crisis and massive monetary easing which will devalue fiat currency relative to Gold, Silver and Platinum. It is not a matter of "if", but only "when", in terms of Gold and Silver soaring to historic levels.
- zSplit
I expect a ton of movement to the upside as a "no trade deal" in October, trade tensions in the Middle East and rumors of Trump escalating the trade war in the next month become reality.
Perma-bears will get slaughtered in the near future.