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Silver Bear Market Looks to Be Over…or Not?

Commodities / Gold and Silver 2016 Jul 14, 2016 - 02:54 PM GMT

By: Chris_Vermeulen

Commodities

Since the Brexit vote, we have seen some interesting price action unfold with various assets. With global/Euroland uncertainty, investors have been flocking to what they feel are the safe havens until things get sorted out overseas.

Typically, precious metals and the Dollar Index move in opposite directions. This means that if the dollar rises, metals fall in value. But since the Brexit vote, investors are piling their money into what they feel is the safe place for them to store capital. These are: US Dollars, Silver, Gold, Mining Stocks, Bonds and even US equities.


The good news for silver and the price of gold is that no matter what happens to the US Dollar (up or down), investors will continue to invest in these metals. Eventually, the US Dollar will have some pullback — but this will only help lift precious metals higher.

Gold Miners Bullish Percent Index – Many Miners With Bullish Chart Patterns

After many years precious metals miners are finally breaking out and making their first bull market leg.

The following chart shows the multi-year downtrend, the recent breakout, and subsequent rally. Indeed, an awesome and exciting time!

Silver Weekly Trend Chart

Silver has recently broken a previous significant high, which is the first sign of strength for the white metal. I have high hopes where silver will be trading by 2020, which is between the $74 and $99 per ounce.

Silver Analysis Conclusion

The bull market in silver, gold, and miners has really JUST begun. Sure, many stocks have exploded in value already up 200% to 600%. However, in the grand scheme of things, prices will continue to rise – even though many gold miners have not yet left the station. This means that if you buy a basket of stocks, you stand to do very well in the coming year or three.

Get My Precious Metals Daily Video Forecasts and ETF Trades at: www.TheGoldAndOilGuy.com

Chris Vermeulen

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Chris Vermeulen is Founder of the popular trading site TheGoldAndOilGuy.com.  There he shares his highly successful, low-risk trading method.  For 7 years Chris has been a leader in teaching others to skillfully trade in gold, oil, and silver in both bull and bear markets.  Subscribers to his service depend on Chris' uniquely consistent investment opportunities that carry exceptionally low risk and high return.

Disclaimer: Nothing in this report should be construed as a solicitation to buy or sell any securities mentioned. Technical Traders Ltd., its owners and the author of this report are not registered broker-dealers or financial advisors. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer. Never make an investment based solely on what you read in an online or printed report, including this report, especially if the investment involves a small, thinly-traded company that isn’t well known. Technical Traders Ltd. and the author of this report has been paid by Cardiff Energy Corp. In addition, the author owns shares of Cardiff Energy Corp. and would also benefit from volume and price appreciation of its stock. The information provided here within should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. Technical Traders Ltd. and the author of this report do not guarantee the accuracy, completeness, or usefulness of any content of this report, nor its fitness for any particular purpose. Lastly, the author does not guarantee that any of the companies mentioned in the reports will perform as expected, and any comparisons made to other companies may not be valid or come into effect.

Chris Vermeulen Archive

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