Silver is the fast horse and old jockey’s like myself see this as a top. However it ‘ain’t necessarily so’ because the upside in a bubble is hard to guess and can go way further than expected, especially by grizzled veterans.
$100 to me was always a target and a magnet, so I’m out of Silver. But super bulls see $200 an ounce. Here is a chart of that expectation.
All I see is the vertical of a bubble and with hefty returns its time to leave the action to the young guns.
Gold is a different story.
Its at the beginning of a bubble or even the end of a boom. Its bubble vertical is not yet with us, so I think. Here is that chart. Obviously $10,000 is the price magnet but I will be sweating at $8,000 and $5000 really would be enough for me if it was for what my voodoo charts were telling me.
Here is a chart.
(Yes I know you can make a bigger parabola, but lets hold back for now)
So on to Platinum. For me this is a strategic metal what should be 1:1 with Gold. The puny 200 tonnes a year production is simply not enough now the internal combustion engine is not for the scrape heap. It was as cheap as chips because electric cars were going to replace gas guzzlers but this is not now going to happen. Whats more Platinum is as good as Gold as a precious metal brand so it is going to catch up. 1:1 is a huge upside as Gold runs.
Here is a chart and to be honest its hard to even guess a top.
However if you but Platinum back to back with Gold and Silver it’s easy to gauge.
Platinum is running behind Gold as you would expect in the ranking of precious metal brands. If gold continues to run so will Platinum and likely further.
Palladium is the catalyst brother of Platinum. Its good to remember Palladium cleans up petrol exhaust, Platinum is for diesel. If I’m right about Platinum, Palladium will run more still. The chart is so tempting its hard not to get carried away. It was recently a lot more expensive and now we have many reasons for Palladium to go well beyond its previous high let alone into the firmament a Silver like run would cause.
Its hard not to be an enthusiast, but it is better to recall bubbles go up like a rocket and down like a rock and Silver will likely do this first. That’s going to be a shock at some point in the uture. However Gold will drive the whole shebang, so it is Gold that we should look to set the pace. Silvermight correct but i
So now Gold has cleared $5000 things are going to get even more spicy.