Logically speaking this might happen (of course the reverse is also not impossible), but I don't think the recession will come so quickly. Trump will drag the status quo until Nov 2020. From now until Nov 2020, silver might fall to $13 for short periods of time, and might also rise to $20. If we adopt a wait and see strategy, it will be very difficult to resist buying until Nov 2020. There's a good chance one will "capitulate" and end up buying at a 4-5 year high. To avoid buying at a high price, it maybe better to nibble a little at a time so as to satisfy the urge to buy. As for gold, there's also talk about it falling below $1000 so similar situation exists.
Fibonacci projections say Gold to 1550-1600$ silver 23-25$ before major drop in metal to 650-800$ gold&silver10-8.50$ followed with mega rally on USD with index as we meet end of market cycle( trade war off the table full impact on QE) Then gold to 3000-3500$probablyhigher Dow maybe -1000$
Good luck if u fishing for new low this year. I don’t see that yet happening from looking at my count&TA followed by Fibonacci.
As I've stated in SS recently, I'm not a big chartist and look market / economic / macro / political indicators that will drive the gold price and also the AUD / USD rate. If the Fibonacci theory can overlayed over a longer time period and can show a track record of showing where the USD gold price will go, then I'm keen to see that and they see what that fits with the economic conditions of the time and events but a interesting point to raise none the less Tokyo.
Price action at level tell us full story let’s see what happens. I am flexible on ether way plan A or B
https://www.royalmintbullion.com/Products/Queens-Beasts/Silver/QBY191SC The Queen's Beasts 2019 The Yale 2 oz Silver Coin about 4 weeks wait, or buy a pre-sale hopping for a good price to buy https://www.bullionstar.com/buy/product/silver-coin-queens-beast-yale-2oz-2019
I think short term falls (and fluctuations up or down on a daily basis), longer term 6months + I think rise again. Suits my current stacking plan, early days for me in stacking bullion.
The future of silver looks great as long as you have people like _JOHNLGALT. spreading the word on 2 main forums & just celebrating with a bottle of 'Southern Comfort' 4,000 LIKES on Silver Doctors website. "I'd just like to say once again to the people who are supporting our efforts to get the P.M's message across to our fellow men & women that I appreciate your encouragement with a personal milestone: 4,000 LIKES on S.D. & to my friends Branko & Therese, thanks. You all know who have kept the dream alive. Keep Stacking, (as Charlie @Marchas45 of the Silver Recliner Report says)".
Despite the naysayers, the future of silver looks great. Gave you a plug in the above post @Marchas45 , of 'Silver Recliner Report' fame. SilverStacker JOHNLGALT haters in 3,2,1...LOLOL.
Now skbullion is having the presale and price is cheaper by $1 for 2 oz. I'm pondering whether to buy the 1 oz pre-sale just to lock in the price. But I'm concerned about scratches on the queen's face. So far, bullionstar QB 1oz gold coins are ok, but if I buy pre-sale, it's a risk.
Like anyone's going to complain about scratches on the Queens face, there are so many Queen haters out there.
The alternative is worst? Ok, I think I see the problem now. In Australia, the queen's head is everywhere and on every coin so it's an eye sore, but the queen's head is quite a novelty at least here in Singapore.
Scratches on coins are never nice. As for Her Majesty Elizabeth II, by the Grace of God, of the United Kingdom of Great Britain and Northern Ireland and of her other realms and territories Queen, Head of the Commonwealth and Defender of the Faith.... I like her. Im a monarchist.
There is less than 1/4 oz. of silver for each person on earth. Got your 1/4 oz? Short Video on the subject of this 'REAL MONEY'.
