The U.S. Dollar recently corrected upward but now appears ready to continue its move downward and this should light a fire under the price of Silver and see it undergo a 30-day run to around $38 per troy ounce as illustrated in the chart below.
- There is a regular cycle for Silver to rise that starts now and extends until August 11th.
- The last time that Silver entered that cycle was last year when Silver went from $18 to $30.
- If we have a similar run this time round we could see Silver go up to around $38.
- Such a move in Silver would have a similar effect on the price of Gold which will be addressed “as the Dollar falls.”
The above is a revised version of an article submitted to munKNEE.com by Goldrunner. Below are links to his other recent – and still timely, articles:
- Goldrunner: Gold & Silver Showing Rare – Ultra Bullish – 3 Fan Line Formations November 3, 2020
- Charts of Gold and Silver are now showing a seldom seen phenomenon – a 3 fan-line formation. I have only seen a couple of these formations over the years, and they have always been explosive.
- Goldrunner’s Insights On Coming Gold/Silver Run Up, USD Collapse & Inflationary Depression August 22, 2020
- No one has a better grasp of the economic environment than *Goldrunner, a technical analyst who does fractal work. He sees the situation clearly given his extensive proprietary chart work that has put him head and shoulders above all the others in his field.
- Goldrunner: Gold Will Go Ballistic When the USD Goes “Zimbabwe” August 13, 2020
- Jim Sinclair has come out with a video and stated that with so many Dollars being printed to uphold the economy that Gold would eventually rise up to his top target of $87,000 an ounce.
- Goldrunner: “Buy Junior Explorers With LARGE Silver Reserves-in-the-Ground For Great Leverage” July 30, 2020
- The REAL leverage in the precious metals arena goes to those companies with very large amounts of silver reserves in the ground and that leaves the real price rise advantage to the owners of those ounces in the ground, i.e. the little explorers.
- Goldrunner: Avoid Massive Devaluation Coming In USD – Here’s How July 30, 2020
- The Fed has “gone Zimbabwe” but you can protect yourself by converting your Dollars to Gold and Silver! It’s that simple – really.
Disclosure: Please understand that the above is just the opinion of a small fish in a large sea. None of the above is intended as investment advice, but merely an opinion of the potential of what might be. Simply put: The above is a matter of opinion and is not intended as investment advice. Information and analysis above are derived from sources and utilizing methods believed reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Comments within the text should not be construed as specific recommendations to buy or sell securities. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities. Do your own due diligence regarding personal investment decisions. In the interest of full disclosure, GOLDRUNNER is personally invested in the Precious Metals sector including various Precious Metals and other individual stocks. GOLDRUNNER reserves the right to modify or eliminate any or all positions at any point in time. 07-08-21 GOLDRUNNER44@AOL.COM
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