Upward Trajectory in Gold and Silver

"Like gold, silver could see more of a parabolic rise if USD melts away."

The key to successful investing is placing bets on the assumption of things to unfold and properly position for it. Waiting for it to become obvious to most is at best, well into the move—at worse, near/at the end. While it's still not obvious to everyone, we're finally seeing a marked increase in gold.

I use both technical and fundamental analysis to derive my opinions. While the fundamentals remain strong long term, I'm starting to get early warning technical signals. Many months ago, I left the door open for a run to $1,500 this year if certain events unfolded. One of them was a USD meltdown. We're not there yet; but, with about nine weeks left of 2010, it's still possible. The difficulty for me currently is the technical picture. I'm seeing grade-school technicians now broadcasting all sorts of projections for gold and silver.

Given all the unprecedented bearish fundamental factors in the world today, it's easy to accept that this time it's different. But I would sooner go with "it's never different." Take some profits here and begin a scale-up selling process if we continue to go straight up in a parabolic style. We're not there yet, but it's good to start preparing for if and when it comes.

Like gold, silver could see more of a parabolic rise in if the USD melts away, but it, too, is giving off some overbought readings that suggest some profit taking is warranted as the overbought condition increases. Again, neither gold nor silver warrant any mass selling. It's just prudent to book some profits as we go higher.

I know the question now is: "Can one still buy gold and silver?" If one has at least 6–12 months time horizon, yes.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Latin America: Six Gold Juniors Amass 100M+ Ounces
Source: Marc Davis, BNW News (05/25/2010)

Latin America, the world's last great mineral frontier for prolific gold discoveries, is proving a godsend for some lucky investors.

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."

I haven’t spoken to my old mining stock friend, noted and universally respected gold stock guru, Bob Bishop, about Rare Element in a year, but I hear he is still a supporter and very large shareholder. I don’t believe he will hold it against me to remind you that this was one of his favorite holdings when he left the newsletter writing business. . .

It's Only the Beginning for Uranium
Source: www.financialinsights.com (06/03/2005)

Dr. Richard S. Appel, author of Financial Insights, first became bullish on uranium in mid-2003, when it appeared obvious that its supply versus demand equation was fated to seriously drive higher its price. Since then, a series of events in the uranium industry has led Appel to believe that uranium prices will reach never before seen levels.

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