LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

COT Gold, Silver and US Dollar Index Report - May 29, 2020
By: GoldSeek.com

The Comex Has Big Problems
By: Dave Kranzler

Scammers Exploit Pandemic to Peddle Fake Silver, Phony Collectibles
By: Mike Gleason

Silver Minersí Q1í20 Fundamentals
By: Adam Hamilton

The Dollars And Deaths Of COVID-19
By: Bill Sardi

Fibonacci Queen and Elliott Wave King Market Proclamation
By: Avi Gilburt

Asian Metals Market Update: May-29-2020
By: Chintan Karnani, Insignia Consultants

Silver and Gold: Balancing More Than 100 Years Of Debt Abuse
By: Hubert Moolman

Precious Metals Update Video: Market cycling money out of tech, Gold is acting very good
By: Ira Epstein

HOUSTON WE HAVE A PROBLEM: Dow Jones Index Totally Disconnects From The Employment Data
By: Steve St. Angelo, SRSrocco Report

 
Search

GoldSeek Web

 
COMING BREAKOUT: The Gold and Silver Setup Today vs. 2008


 -- Published: Monday, 27 August 2018 | Print  | Disqus 

By Steve St. Angelo

While many investors still believe that gold and silver will crash along with the markets as they did in 2008, I think we may see quite the opposite.  In this video update, I provide even more important information on why the gold and silver setup today is much different than it was in 2008.

Also, itís important to understand that when I discuss this information, I am not concerned about what happens to the precious metals or the markets today, tomorrow, next week or even next month.  Rather, I am focused on the long-term trend change.  Which is precisely why I show these charts using a ďmonthly timeframe.Ē

Furthermore, I answered the question by many commenters in the previous video on the validity of a ď200 Month Moving Average.Ē  Yes, there is such a thing, and if you watch the video, you will find out why there is and why itís important to use it as a guide for changes in long-term trends:

In the video, I explain why the gold and silver price is currently searching for a BOTTOM, while they were extremely OVERBOUGHT in 2008 (as well as in 2011, technically speaking).  Please understand, I am not saying gold and silver canít go lower, but the indicators donít point to a massive selloff as they did in 2008 because both precious metals have been in a 7-year bear market, not a 7-year bull market as they were from 2001-2008.

One of the charts I explain in the video is the Dow Jones-Gold Ratio.  This is just dividing the Dow Jones Index by the gold price.  Currently, the Dow Jones Index can buy 21.3 oz of gold versus 6 oz of gold at the peak in 2011 and 2.5 oz of gold in 1981.

Lastly, I really believe we are going to see one heck of a GOLD & SILVER BREAKOUT after the markets correct and crash lower.  Not only will we likely see a considerable increase in physical gold and silver investment demand, but we will also experience a tremendous run-up of the precious metals mining companies.

Please check back for updates and new information on the gold and silver miners setup for big gains in the future.

Check back for new articles and updates at the SRSrocco Report

 


| Digg This Article
 -- Published: Monday, 27 August 2018 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.