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Dave Kranzler: Are you ready for the next big move in gold and silver?

Section: Daily Dispatches

By Dave Kranzler
Investment Research Dynamics, Denver
Wednesday, July 30, 2021

The precious metals sector has been in a downtrend since August 2020.

The silver chart shows a high closing price last August. But the silver price has traded in a sideways trading channel since the end of last August. And actually, silver has been in a gentle uptrend since late October 2020.

... Dispatch continues below ...


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I'm willing to bet that many market participants would be surprised to see that silver has not been hammered lower like gold and the mining stocks.  While the entire precious metals sector is starting to convey bullish signs, silver in particular is explosive. Not surprising because silver functions both as a monetary metal -- in fact, the world's oldest form of civilized money -- and a commodity.

The rampant price inflation that has engulfed commodities in general has not affected gold and silver -- yet. But that's because the Western central banks make every effort to control the price of gold and silver using unallocated forms of the metal to protect the U.S. dollar's reserve status and, in general, the fiat monetary system. However, they have failed to push down the price of silver along with gold. ...

... For the remainder of the analysis:

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