An Expert Miner Explains Why Gold is Powering Up — and Silver Will Lead

I recently chatted with Bob Archer, the CEO of Newrange Gold Corp. (OTCQB: NRGOF). His company is a gold explorer getting busy in Nevada.

But if you’ve been following me for a while, you may remember Bob as the CEO of Great Panther Mining (NYSE: GPL). That’s a silver miner that made my subscribers a heck of a lot of money back in the day.

So when Bob has something to say about gold — and silver — you’d be wise to listen.

In the following video, Bob laid out his four reasons why gold is going higher. And he also explained his view why silver will lead the way in a precious metals bull market. You can watch that video here …

Direct Link: https://youtu.be/e3JTM42HY-M

Bob and I reference some price action in gold, as well as the gold-silver ratio. So I wanted to share charts of each.

First, here’s a chart showing how gold rammed through the $1,350 price resistance that held it in check for five long years.

You can see that gold has trended higher for years — but every time it tests that overhead resistance, it gets slammed down. But not this week. This week, gold roared on through that barrier. Gold is now trading at six-year highs.

On the bottom of the chart is a momentum indicator that I trust a lot, called “The Force Index.” The Force is now bullish on gold.

And here’s something else that Bob referenced in the video — a chart of the gold-silver ratio.

This chart shows the price of gold divided by the price of silver. It is at extreme levels — just over 90! That means it takes 90 ounces of silver to buy one ounce of gold.

Previous peaks in this ratio have signaled the start of bull markets. And precious metals are overdue for a bull run.

Just some things to think about this weekend. If you aren’t investing in gold and silver miners yet, it’s not too late to start. Heck, after talking to Bob, I just bought Newrange Gold (OTCQB: NRGOF) for my own portfolio. And I expect I’ll buy more companies — explorers, developers, miners — leveraged to gold and silver. I’ll buy them on any pullback.

Just remember, before you buy anything, to do your due diligence.

All the best,

Sean

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One comment on “An Expert Miner Explains Why Gold is Powering Up — and Silver Will Lead

  1. Ken June 25, 2019

    Why do the Gold and Silver cycle charts show a 15% plunge in the next month? Now that gold has broken through $1350 it won’t likely retrace.

    Reply