THE SLINGSHOT SETUP IN PRECIOUS METALS
Precious Metals Analysis - 9 March, 2021
March 9th 2021
To break the price levels we have long been targeting into April / May 2021, namely ‘higher highs’ in Silver, Platinum & Gold, the metal markets have had to consolidate and build a strong platform as a base before the next price surge.
Powerful kinetic price energy builds up when the markets overextend themselves, developing what we refer to as a 'slingshot', where prices fall with no apparent negative fundamentals and price momentum takes over (herd mentality). This has effectively pushed sentiment to record lows and presents an amazing contrarian buying opportunity.
Slingshot physics involves the use of stored pressurized energy to shoot a projectile at a higher and greater speed moving forwards.
This scenario has now clearly manifested itself within the precious metals space with the recent metal price falls driven by the sales rout in the global bond market.
From a macroeconomic standpoint, the stage has now been set for the next level of official Central Bank intervention, with the buying of long-dated duration debt for the sole purpose of launching Yield Curve Control (YCC). Once instigated, I expect it will be like lighting jet fuel underneath a rocket (precious metals) and this anticipated 'slingshot effect' will come into force.
THE COMMODITY SUPERCYCLE AND THE REVOLUTIONARY CHANGES IN GLOBAL DE-CARBONIZATION
Very Exciting News for Precious Metal Investors
A very brief description of what is a highly complex but extremely exciting horizon ahead for our investors, is the ongoing century of clean energy developments driven by environmental issues coupled with the constraints provided by the forecasted commodity shortages that are essential to this new technology movement.
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