After Gold comes Silver
All credit goud999safe.com
This is a translated version of their Dutch newsletter dated 12 december 2023
"After the record for gold suddenly another new opportunity"
What transpired in the precious metals markets over the past two weeks was perhaps the best possible scenario for our topic today.
On Friday the 1st of December the gold price reached a new record high both in euros and dollars. On Monday the 4th of December the gold price was pushed even higher in Asia.
But when Western Traders turned their screens on that same Monday morning, it seemed like the Banks on the paper markets thought it was time for a breather.
The price hike on Monday morning reached a ceiling of temporary resistance that did not seem to make any sense. Since that intermission the correction has pushed the price back down by 4% from its closing high of the 1st of December.
No reason for concern.
This precious metal bull market rally is not showing signs of completion just yet. Rallies usually end when speculators are extremely enthusiastic in sharp contrast to that subdued atmosphere we observed on that 4th of December.
For an estimate of where we believe the gold price is heading in the following months we invite you to read Maarten Verheyen article published in goudhub:
The Rookie Error
https://morganwise.blog/2023/12/14/the-rookie-error/
The gold price is still up by 8% for 2023 with less than a half month to go before year end. If we calculate and record gold's price performance since the year 2000 then this results in a 9% increase per year (that would in turn translate itself into a doubling of its price in an eight year time frame)
The true value of Gold will finally be revealed during (or after) the ‘Eindspel’.
Even if you are sceptical about the supposed ‘conspiracy theory’ speculation of imminent, far reaching financial and geopolitical change, this past 20 year price performance proves that owning a healthy position in physical gold adds stability and yield to one's Portfolio and general Net Worth.
But what we find equally exciting is the sudden new opportunity and potential that has appeared in Silver these past few days.
In contrast to Gold, Silver is nowhere near any of its previous record highs. In fact the price of Silver 43 years ago back in 1980 was double the price it is today!
We have observed over a number of recent years that around mid december that silver dips in price, shortly thereafter, to then, experience a positive price evolution in the first two months of the following calendar year.
To visualise this trend we decided to research all price fluctuations in silver from 1968 onwards for the months; December, January, February, March and April in US dollars.
The majority of this laborious task was already completed back in 2019, (we are talking about 6500 days of price data).
And what did the results conclude?
That he (or she) that can buy in december (thus in the dip) will experience an average price gain 24,6% by end April.
Please note: We are talking about a maximum price increase from its lowest point in December in the one year in relation to its highest price in April of the following year (and not the price on the last day of April).
The best time to build up your reserves in Silver according to this 54 year price chart evaluation is from middle december (today at the time of publication) until the end of this month. We find ourselves thus in the middle of the traditional “december dip” with a high probability of a positive price evolution starting from the 1st of january 2024.
Added content: (You can open an account via this affiliate link provided by goud999safe where you can safely and efficiently purchase, take delivery of or store your allocated precious metals.
https://www.goud999safe.com/nl/?affiliate=OOKTKvvGLx
* See N.B. below
(bearing in mind however the general disclaimer for this website, this blog and that from goud999safe.)
Tot binnenkort.
Het Goud999Safe team.
T: +32 (0) 11 960 400 E: info@goud999safe.com
P.S. Very short term: We have just seen a 6 day in row silver price drop. At the same time silver is still on an upward trend ( 8% higher than the end of September for example) which increases the possibility of a bounce. A six day downward trend is very rare.
For the long term investors this possible bounce at a specific time of purchase will make little to no difference when looking back years from now.
P.P.S. We linked an article from Maarten Verheyen above and we would like to recommend another recently posted article from him.
https://www.goudhub.com/mijn-levensverhaal-in-de-financiele-sector/
The majority of our readers are fully aware that Maarten Verheyen was a shareholder of goud999safe from day one its operation and that he has a following of 60 000 readers who are subscribed to his free financial newsletter.
If you are not subscribed to his newsletter already then this is our tip for the day!
(I hope to either obtain permission to translate those two recommended articles or that he finally will take my advice and start publishing his newsletters, articles and his book Eindspel in English)
goud999safe.com/ wishes to add following disclaimer;
This newsletter is not written and shared in their own name and is not giving financial advice, they are merely sharing their current platinum allocation and its ratio / percentage in their entire allocated Precious Metal Portfolio.
N.B: In full transparency;
This is an affiliate link of which I and any new customer generated can receive a free gift depending on certain minimum requirements, a limited time period and at ‘goud999 safe’ ongoing discretion.
General blog site disclaimer
Blog posted, published and personally written by the founder of morganwise.blog and links shared must not be viewed or taken as financial advice. These are purely published for entertainment purposes only. Always do your own due diligence and research. Otherwise consider consulting a Professional Financial Advisor before making any financial or investment decisions.
This blog and link shared does not necessarily reflect the view and opinions of morganwise.blog