DXY - Gold RatioCrazy to see that the US dollar weighted in gold lost 91% of its value from 2001 through 2011.
I think the trend continues and we finish what we started in 2008/9.
Look at 96-2001 and 2014-2019. Eerily similar.
Goldbullmarket
Silver Junior Miner Value Hunting - SPA / SPAZFSpanish mountain has very little debt and is highly leveraged to the price of silver.
Very little downside here, tons of mid & long-term upside potential. Intrinsically undervalued company & assets. They're sitting on a literal mountain of silver trading well below their 2016 peak.
Conservatively I see SPA / SPAZF increasing 150% in 2020. All this requires is SPA getting back to its 2016 high when silver was at $19.
If we get $21 or $25 silver, which I believe is highly likely in 2020, then a 1.5 bagger in Spanish Mountain is pretty much guaranteed.
It could fall from 9 cents to 6 or 5.5 cents, which is a 30-40% loss, and it could easily rise 150%. That's an extremely favorable risk-reward.
If silver were to rise to $30, SPA could rise 400%. 50$ silver would give us close to 1000% gain in SPA.
And eventually, when we get 3 digit silver. Whether that's $100 silver or $500 silver. Juniors such as Spanish Mountain could become 20-100x baggers.
Think long-term ;)
Metals Correction is Almost Over. Onto Higher Targets for SilverGold broke out of a 6-year base this year, leading the other metals and commodities. 6-year base breakouts don't just end in 1-month surges. We have higher gold targets following this correction. $1711 and $1834 gold targets in the next 3-5 months.
To us, this correction is an accumulation opportunity. When silver rallies to $25, silver miners will have a ton of ground to cover.
Some are speculating on a more significant decline in gold prices. We could certainly correct to the low $1400s but it will be a short-lived correction not a new bear trend.
Low 1400s is overly optimistic in my opinion. I don't think we'll see below 1434, but if we do, that's just another chance to buy more for cheaper.
