A massive run on Physical GOLD is taking place. A look at what's taking place as just reported.

Good afternoon Steemian friends. Legendary London metals trader Andrew Maguire revealed today that giant Swiss commodities fund AHV has swapped out of paper and into 100 percent physical gold. Maguire says he is finding this everywhere. They want their assets out of the system before the next financial meltdown.

Maguire further says he saw this action in 2010 just prior to the silver launch to almost 50.00 per oz. and gold to 1920.

Next, one of the best technicians I have followed for a long while Morris Hubbartt, shows today why gold equities are looking like they too are in a great position for accumulation. Personally I feel they may outperform the metals.

We are in the summer doldrums and even though this is a weak period for gold and silver, I like what I'm seeing and expecting a slow inching ahead as you're seeing today. Thing should pick up steam as we head toward Sept.

See a couple of Hubbarrt's charts below. I particularly like Barrick and will divulge I bought it recently.

barrick.png

gdx_short.png

GDX (or GDXJ, the juniors) is timely here. Disclosure: I own both.

silverseas..GIF

See the silver seasonal above...at 16.75 silver is "bottoming" here 15% higher than last year.
Again we are looking for 1450 gold and 21.00 silver this year.

Thanks for the visit. UPVOTE,FOLLOW,RESTEEM, and please do your own due diligence.

Sort:  

Hey Yankee, looks like you’ve been getting consistent and healthy returns on your posts recently!

Any tips?

Well, I'm not so sure, but being quite accurate on the markets since early January helps a bit....thanks!

Prosperous times are ahead for gold and silver! I would love to see it get back to those high it had a few years ago, while at the same time, watching cryptos go through the roof.

More great analysis by the Statman!

thank you so much!!

You just received a Tier 0 upvote! Looking for bigger rewards? Click here and learn how to get them or visit us on Discord
If you would like to opt out of receiving comments reply with STOP

Coin Marketplace

STEEM 0.26
TRX 0.11
JST 0.033
BTC 64111.27
ETH 3065.56
USDT 1.00
SBD 4.00