In our 2nd issue we look at the remaining producers of gold and silver that were not covered in the first issue. Since then, gold has SURGED, piercing October 2015’s key high and slicing through the 200 day moving average to hit US$1200 per ounce. THE TIDE IS TURNING!!!

Rather like the receding waves on the sea shore, the price of gold has ebbed far enough out, and now a stronger wave than normal has started to turn the tide. Also we haven’t forgotten that J. P. Morgan have loaded up their boat with the largest hoard of silver in history, worth around $5-$6 billion dollars. Blue chip gold and silver shares Randgold Resources and Fresnillo (covered last month), for example, have risen 44% and 20%, respectively, since the end of 2015. However, they, along with most other gold and silver stocks have probably seen the swell of their waves reach their high points and some subsidence is naturally to be expected before the next up waves begin in earnest.

David Fuller's view

I worked with David Kerly for several years, approximately three decades ago, when he was a valued member of the research department at Chart Analysis Limited.  Some veteran subscribers may remember those days. 

What impressed me most about David during those early years, in addition to his grasp of what I called Behavioural Technical Analysis, was his calm demeanour during turbulent market conditions.  He also had good ego control which helps any analyst to keep their feet on the ground.   

I do not know what David Kerly is going to charge for his letter on precious metals, but its introduction at this time shows that his timing skills are undiminished.  I suspect that it will do well.