So what is everyone's prediction for gold and silver in 2019, specifically: Which one will have the best percentage gain (or loss)? and how much? (Based on Dec 30th dates) My prediction: Gold will have the better gain, and will be up 10% for the year. (even though silver has larger potential % swings than gold)
It depends mainly on the stock market... looks like the demise has been greatly exaggerated. Even with APPL taking a dump this week, the overall market was real solid this past week. That can always change in a day, though... and that's gold's best hope for a real bull spike. I like the trends and sentiment and would guess 2019 has silver and gold both go up roughly 10% also (with silver more jumpy along the way). Usually first quarter is best to buy gold and Q3 best to buy silver. We shall see...
I think we might all be surprised by the stock market resiliency in 2019. I'm not banking on it though, but I think metal stocks will do well.
Yeah, I gave up trying to predict the market. All I know is that Mr. Market has many more all-time high days than crash days, so I just basically treat the market indexes or stocks the same as I treat PM: plug money in steadily... but I try to buy at quicker rate when prices are going down or recently fell for no real good reason (ie quarterly earnings were just reported fine yet the company price falls due to overall market or sector). After going pretty heavy on silver all last year, I'm buying majority gold for my PM lately. Anyone's guess, haha. I think it is pretty fair to say that while it might not gain much (after +10% recently), silver still has very little downside risk.
I'd say about 10% downside risk, maybe 15% at the outside, back down from the recent gains. Can't see it going below that. I think odds are it's likely to hold or go up in 2019