Read the story here. Advertise at Before It's News here.
Profile image
Story Views
Last Hour:
Last 24 Hours:

Gold and silver exploding upwards.

% of readers think this story is Fact. Add your two cents.

TAP.  I’ve been posting occasionally about gold and silver being a safe place to put money with the usual caveats about financial advice having the potential to be wrong.

Right now the precious metals are in play.

Expect sharp rises accompanied also by very large ‘corrections’ trying to panic people to sell early and hurt anyone long in futures who can’t pay their margin calls.  Silver has hardly started it climb is my opinion for what it’s worth.

Better to hold physical metal than bits of paper promising to represent metal.  The only share I trust is Franco Nevada best held in Canadian Dollars probably.

Remember the dictum – ‘Gold mines are a hole in the ground owned by a liar’ – from Mark Twain (real name Samuel Clemens and we was not as poor or simple as he makes himself out to be – a political and financial insider.  Note the Samuel.  Clemens could be a cover story as well as Twain.).

Nothing has changed much since 1869, when two characters supposedly acting alone cornered the gold market in New York, causing a slump as international dollars were fixed against gold then.

Silver shot to 15 to 1 against gold that year.  Also in 1919 and in 1968/9.  Silver was 15 to 1 gold in 1819 as well.  Notice the year we are in now, folks? 2019.  If you think gold miners are liars, then how about commodity traders?  In fact anyone hoping to persuade you to part with your hard-earned cash.  Silver is currently just under 90 to 1 gold.  This commentator is showing a bit of heel (unusually).


Both gold and silver futures traded sharply higher today in response to continued concerns that the trade war between the United States and China will get worse before it gets better and any sort of resolution is achieved. Still on the table is the initiation of new tariffs on the remaining $300 billion worth of Chinese imports sent to the United States go into effect on September 1st.

There will be no face-to-face negotiations between China and the United States until after the new tariffs go into effect. Add to that is the fact that most central banks around the world have been moving towards a much more accommodative monetary policy as they lower interest rates and make cheap money more available. It is also believed that there is a high probability that the Federal Reserve will initiate additional rate cuts beginning in September and possibly another rate cut in December. This sets the stage for global quantitative easing, and as such will be highly supportive of bullish market sentiment for gold and silver.

As of 4:10 PM EDT gold futures basis the most active December contract is currently up $25.20 and fixed at $1509.40. Gold futures have traded to a high today of $1522.70 before short-term traders began to take profits which resulted in gold trading $13 off of the high achieved earlier today. Silver had a stellar performance today breaking strongly above $17. Currently silver futures basis the most active September contract is trading at $17.10 which is a net gain of $0.65 on the day which amounts to a 4% gain. Silver traded to a high today of $17.26 before backing off slightly as short-term traders took profits.

Another factor prompting some short-term traders to take profits was U.S. equities recovering from the lows seen this morning. The Dow Jones Industrial Average is trading at 26,007.07, after trading to a low of 25,440.39 earlier in the trading session.

Collectively these fundamental factors have created a perfect storm scenario for both gold and silver pricing which have strengthened their resolve as safe haven assets.

As reported in MarketWatch, Edward Moya, senior market analyst at Oanda wrote that “Gold captured the $1,500 an ounce level and the rally seems set to roll on as no one is expecting any immediate progress on the trade front and the proactive easing efforts from central banks globally. When the Fed capitulates later this month that could be the catalyst to support the drive towards the $1,650 an ounce level.”

It seems highly likely that gold pricing will hold and maintain a price point above $1500 per ounce and move higher from this price point. It also seems likely that silver could find strong support at $17 per ounce and also move higher.

The key is as long as the trade war deepens and no resolution is found central banks will continue to take steps to continue the economic expansion that has been threatened recently. If tariffs are imposed on September 1st, we could see a major explosion in gold and silver pricing to the upside continuing the most dynamic rally witnessed since the rally of 2008.

For those who would like more information, simply use this link.

Wishing you as always, good trading,


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Join our affiliate program and earn extra money by sharing with friends and family or by posting on your social media.

Order by Phone at 888-809-8385 or online at

Get our Free Ebook, "Suppressed Health Secrets"  with  Natural Cures THEY don't want you to know!

APeX - Far superior to colloidal silver! Destroys Viruses, Bacteria, Pathogens with Oxygen plus Silver!

Supreme Fulvic - Nature's most important supplement! Vivid Dreams again!

Ultimate Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Organic Hemp Extract (CBD) - Full Spectrum high CBD (3300mg) hemp extract eases stiff joints, relieves stress and more!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

FINAL WARNING!  Diseases are EXPLODING!  Watch this Video about APeX and You'll THROW AWAY Your Colloidal Silver!  APeX destroys Viruses, Bacteria and other Pathogens with the power of Oxygen PLUS Silver!  Nobody else has a product like THIS!   See why the inventor hasn't been sick in 16 years and why you'll never hear about it on the FAKE NEWS!  Get some now and tell your friends about it too so we can reach more people!  

APeX Interview - Superior to Colloidal Silver from Lee Canady on Vimeo.

Learn about APeX Here and Get the 50 Page Report in PDF format.   Call us at 888-809-8385 to order by phone.

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.