The Gold IRA Company

Investing.com: Gold and Silver Predictions for 2020 and 2021

Article by Chris Vermeulen in investing.com

I have received many comments and questions related to our Gold and Precious Metals predictions originating from research posts we have made recently. Today’s article will showcase what my research team and I believe will be the most likely outcome for Gold as we push through the end of 2020 and into early 2021.

There are a number of factors related to precious metals and the fragility of the global markets in the current market environment. To this end, we have also recently posted a research article suggesting the major Super Cycles are aligning in a way that suggests we may experience 3 to 5+ years of very odd price cycles. This is something that we have not seen in well over 75 years. We are also in an election year cycle.

What does all of this mean for Precious Metals? It means the uncertainty and cycle events will likely lead to continued Gold and Silver price appreciation until the cycle events end (likely in 2024 or 2025).

Below, we will share our thinking related to the future price actions in Gold, and how the Gold to Silver ratio will react over the next 6 to 12+ months, to help you better understand the opportunity we believe will continue to persist in Precious Metals for some time to come.

We believe the two downside RESISTANCE levels will become the next targets for Gold. The $2000 to $2250 level is very clearly the next upside price target. Once this level is reached, then we believe Gold will attempt to move to $3200 or higher. Ultimately, the $5500 level is on our radar as an eventual parabolic price trend takes place …

To read this article and charts in Investing.com in full, click here.

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Although the information in this commentary has been obtained from sources believed to be reliable, The Gold IRA Company does not guarantee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice. The Gold IRA Company will not be liable for any errors or omissions in this information nor for the availability of this information. All content provided on this blog is for informational purposes only and should not be used to make buy or sell decisions for any type of precious metals.