Did you notice that as soon as the weekend was over that there was another round of gold and silver price suppression? Yesterday was a great day to buy both gold and silver. Today is almost as good, price-wise, though prices are marginally higher.
The prices haven’t been this low in 12-14 days.
If you take a look at the silver and gold price charts and look at the 1m (1 month view) you’ll see a couple of things:
- Each peak is followed by a trough, but successive peaks and troughs are higher, showing an overall rising trend in gold. It’s less clear with silver which shows more of a staircase of rising price.
- With both metals, there are plateaus where the prices don’t change. These plateaus occur on weekends when the banks aren’t setting the precious metal prices.
- There’s a 50/50 chance that prices will fall or rise after a weekend plateau.
- Switch to the 1q (1 quarter) view and with gold you’ll the series of price rises and following bank suppression of the gold price. Nevertheless, it’s clear to see that the price of gold is trending upwards. The price of silver bobbed about until April 6th when it started to take off.
The gold and silver bullion “super bull market” has been initiated, according to David Morgan of the Morgan Report who was recently interviewed (in the video above) by Future Money Trends.
We are finally in the very beginning of the new bull market which will be the most exciting as the third leg up is the one that is the most rewarding. In fact few will believe just how high the precious metals will go. The end date is most likely 2018/2019 at this point.