Unique Opportunity Report: Gold and Silver Outlook
Fundamental Thesis:
Before cryptocurrencies the most efficient and popular way to hedge against inflation was to store wealth in bonds and/or precious metals. While we have seen funds flow away from Gold and Silver in recent months as the narrative that Bitcoin will replace gold gains popularity I think we should stop and say… not so fast… I may be relatively young, but I can’t ignore the fact that Gold and Silver are mankind’s oldest recorded store of wealth and medium exchange and I do still believe that in this inflationary environment, Gold and Silver will have their day. Let’s examine the charts and, especially Silver which is showing a technical bottom unfolding.
Technical Analysis: GC - Gold Futures
Long term outlook (monthly chart):

Gold needs to get back above the monthly moving averages or it risks falling further towards 1500.
Medium term outlook (weekly chart):

A bullish break out could produce a move in gold back above $2000/ oz over the next several months.
Short term outlook (daily chart):

Gold sees a clear breakout above the pink resistance.
Technical Analysis: SI - Silver Futures
Long term outlook (monthly chart):

I expect silver to trade at its all time high by 2023.
Medium term outlook (weekly chart):

Silver looks due for a sharp move back to 29-30.
Short term outlook (daily chart):

Next week will be important to see how Silver reacts as price gets into the daily moving averages.
Preferred miners and ETFs:
AG: First Majestic Silver Corp.
EXK: Endeavor Silver Corp.
GOLD: Barrick Gold Corp. (Large cap)
NEM: Newmont Gold Cop. (Large Cap)
AGQ - Proshares Ultra Silver 2x
SLV - Ishares Silver Trust
GLD - SPDR Gold Shares
GDXJ - VANeck Junior Gold Miners ETF
SILJ - ETFMG Prime Junior Silver Miners ETF