Holding silver in the new year could bring good luck to investors

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Here's how to play silver's seasonal trade

Here’s how to play silver’s seasonal trade  

Sometimes it feels like silver has become the forgotten metal, as goldcomes off its best year since 2010 and silver gained merely half as much in 2017. But there’s good reason to be bullish on silver at the start of the year.

Silver’s recent setup gives us reason to believe there is a seasonal trade afoot. Just take a look at what’s happened in years prior: If you’d bought silver on Jan. 5 and have held through Feb. 14, you’ve made money in 13 of the last 15 years.

READ MORE://www.cnbc.com/2018/01/03/holding-silver-in-the-new-year-could-bring-good-luck-to-investors.html

Silver Market Update

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The long base pattern in silver continues with positive price / volume action of recent weeks suggesting that it is approaching completion. On its 10-year chart we can see the giant Head-and-Shoulders bottom pattern that has formed in silver, which parallels the one in gold, but is downsloping because silver tends to underperform gold at the end of bearmarkets and early in bullmarkets. The volume buildup of recent months is bullish, especially as it has driven volume indicators sharply higher, with the On-balance Volume line having rather incredibly made new highs this year, which is viewed as a very bullish omen.

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Dollars in Existence Point to Higher Silver Prices

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As of this writing, Silver is around $17.50 an ounce. That is roughly 34% of its all time high of $50. But, if you look at the Silver price, relative to US currency (the amount of actual US Dollars) in existence, then it is at the lowest level it has ever been.

The US monetary base basically reflects the total amount of US currency issued. Originally, this was backed by Gold available at the Treasury or Federal Reserve. This is not the case anymore. Therefore, the amount of Dollars have grown exponentially over the years.

The lower the price of Silver is (relative to the monetary base), the more the currency is debased. The Dollar is now at its most debased in over 100 years , relative to Silver (and Gold). With all the money printing the Federal Reserve has done over the years, the market will eventually seek an equilibrium, which means that Silver will spike in price, as it did in the late 1970’s.

So, in terms of US Dollars in existence, Silver is the bargain of the century. And, there are signs that point to the fact that Silver is about to correct that situation, by spiking much higher. Unfortunately, this will come with a lot of financial pain, since it will come with a massive debt collapse.

Gold/Silver Ratio Reversal

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Over the last 20 years there has been a specific condition for Silver that has been a rather reliable predictor for its price. Once it is met, these prices have historically risen within an 18-24 month period.

Since 1996, the Gold/Silver Ratio (the price of one ounce of Gold divided by the price of one ounce of Silver)has hit 80/1 a total of 4 times. The most recent being 2016.

In all three of the previous times, the ratio reversed and Silver gained a significant percentage. It outperformed Gold by a wide margin and rose in every instance.

IF THIS TREND PLAYS OUT AS BEFORE, THE SILVER PRICES SHOULD MOVE SIGNIFICANTLY HIGHER OVER THE NEXT YEAR.

With our current political landscape and uncertainty in how much higher the Stock Market can go, we may see Silver reach anywhere from $30 -$65.

DEPRESSED PRICES DON’T LAST FOREVER.

(Please call GOOD TO GOLD INC. for charts/info)

Does Market Rigging in the Metals Signal a Buying Opportunity?

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Gold MarketCentral Banks are rigging the metals markets. Does it signal a buying opportunity? Will they ever be prosecuted for this illegal activity?

I recently interviewed good friend Ed Steer who writes Ed Steer’s Gold and Silver Digest, a daily must-read. We discussed an article written by Peter Warburton in 2001 outlining the relationship between central banks and investment banks rigging the metals market price:

…(Central Banks) incite investment banks and other willing parties to bet against a rise in the prices of gold, oil, base metals, soft commodities or anything else that might be deemed an indicator of inherent value.

Their objective is to deprive the independent observer of any reliable benchmark against which to measure the eroding value, not only of the US dollar, but of all fiat currencies. Equally, they seek to deny the investor the opportunity to hedge against the fragility of the financial system by switching into a freely traded market for non-financial assets.

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