A New Day Has Dawned For Gold And Silver

Most resource sector writers (including me) have for a long time been "wrong" about gold and silver.

When they ran from $250 and $5 an ounce, respectively, to $1,920 and $49 in 2011, those who listened, acted, and sold a bit did quite well. We argued the "longer time bullish case" as these metals dropped into their final cyclical bear market graves in late 2015.

But that was then… and this is now.

What we DID get right was that when the Big Turn finally came, it would change directions so swiftly and violently that anyone waiting for "the bottom" would miss it, as rising premiums more than offset declining prices.

Now in the first half of 2020, it seems that like the broken clock we're sometimes accused of being – we are getting it right. Really right!

Speaking for my colleague David Morgan and myself, I can say unreservedly that I don't intend to ride this bull down into another multi-year trough when it finally gives up the ghost – three, five or more years hence.

In fact, we feel so strongly about this that we wrote a book on how to avoid doing just that, discussing how to employing every skill we've learned to extract as much profit as possible. "How to Make – and Keep – Big Profits from the Coming Gold and Silver Shock-Wave" tilts the odds sharply in favor of anyone who acts upon its distilled wisdom.

Forcing the Hoover Dam through a Garden Hose

Over the last few months, the tenor and strength of the metals' market has changed in a big way.

We're not going back to the corrosive experience that seemed normal in the last decade.

Expect gold and silver to move irregularly higher in violent impulse moves, followed by broad sideways corrective action that stores energy for the next burst higher.

Doug Casey uses the analogy that the effect of buyers rushing into gold and silver will be like trying to force the output of the Hoover Dam through a garden hose.

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