For 2022.
I do think we will see better markets, but with the FED taking a
stronger stance and talking about tapering and raising interest rates,
that will be a negative for gold and silver going forward for a while,
but I think going in as I just outlined will be that bottom that we
seem to times before.
And then we'll start to get a rally and I think we will rally the
year. So next year at this time.
I think we'll be pretty happy.
So I think first, we have to contrast, you know, what happened in the
dollar, what happened primarily stock market gold is the anti dollar
investment.
That's how most people think of it.
There's a lot of Merit to that statement, but primarily gold moves
against the stock market, the stock market, just kept making new highs.
So you would think that gold would be making, not necessarily lows,
but not do as well.
And that's part of the equation.
The other part was
Was what happened in the silver market?
Because of the year with the Wall Street bets and some conversion
factor of people that move to Wall Street Silver.
And that effort grew substantially, especially in the early part of
the year and we saw a lot of pressure on the silver market being in
the early first quarter of 2021.
In fact, we got to, I think 30, my prediction is beginning of the year
was looking for a 30 dollar silver print.
I thought it hit that and
We might hit in the overseas Market.
I'm not sure, but we have fairly close and then we saw two of the main
ETFs come out and change the prospectus, the SLV and Sil LPR.
I think it was.
Anyway, the main one SLV and the other substantial ETFs both change.
In fact, in one of them.
They stated that they were concerned about the physical silver Supply
being able to be maintained at a level that was commensurate with
With what the ETF is.
Supposed to all my words, that's kind of a paraphrase and then a
little bit later, the cftc commissioner said they, you know, why they
needed to Tamp down the silver market.
I mean, you never hear them talk about tamping down the soybean oil
Market or tapping down the cattle market or tapping down the corn
market.
So these things are very frustrating to Silver investors speculators,
but nonetheless, that was what the first quarter look like and that
was about.
Bastion through the rest of the year.
We started seeing, you know, the price fall off and even mid year or
so.
What's the cell?
Even mid year the summer doldrums took place, which is very expected
by most of us have been in the market for a while.
So that didn't really concern me.
I did think after the summer, we would start see a push-up and I was
too optimistic of might even get back up in the 30 dollar range.
Of course, I couldn't have been more wrong.
I mean, a lot of analysts such as myself felt thought the same way.
There are a lot of tendons, to look good to see.
OT looked favorable, there were
Room the upside.
We saw the largest silver purchases physically in 2020.
It seemed, we were getting the same demand for investment in 2021.
So there are fundamental and Technical factors to be optimistic after
the summer doldrums, but failed, so I'm not trying to make excuses.
I've a couple Critics on Twitter and I've got more other places that
no one's owning this all on it.
You know, it's frustrating also knowing that we've
Spend the money supply.
It's such an unbelievable rate and yet gold itself and silver.
Both of not really responded to this massive influx of what I call
funny money into the system.
And of course, there's flows, you know, a lot of it goes into the debt
markets, the credit markets with the US bonds, a lot of it flows into
the stock market and a lot of it is static.
It's it's held.
Sterilize.
It just sits on the banks balance sheets and doesn't do anything.
So it's almost as if it hasn't been printed because it just sits there
basically doing nothing other than lying on the ground dead.
That's a metaphor.
Of course.
So for 2022, I do think we will see better markets, but with the FED
taking a stronger stance and talking about tape reading and raising
interest rates, that will be a negative.
Active for gold and silver going forward for a while.
But same time China is lowering their interest rates and this has
happened a couple times in the past and what this means is since China
and the US are the largest economies in the world with China cutting
rates.
Same time.
The u.s.
Is raising rates that can't go on very long and once the market
recognizes that us is more or less bluffing, or they've done a
Days or two and it can't go any further that in the past has shown to
be the bottom and gold.
And from there.
There's been pretty massive rallies 2016 being a prime example.
In fact, 2016.
We had such a huge Rally from January to June through September which
past summer doldrums which is very rare.
I was convinced at that time that the new bull market was intact.
Well, Suppose, looking back.
Obviously those is correct, but certainly was a money maker for us.
Norgannon Port.
We had AG first Majestic to on, in January at a very low level, then
you met about, six hundred percent on that one stock because, you
know, we had such a good rally in silver and gold markets.
So what I'm saying is, I think we have to be a little more patient.
I think 2022 is not going to be that good for gold initially, but I
think going in as I just outlined will be that.
Bottom that we've seen two times before and then we'll start to get a
rally and I think we will rally the end of the year.
So next year at this time.
I think we'll be pretty happy about what gold and silver forms has
been.
And last but not least.
I haven't said it in a while.
The black swans flying around.
I think you should always have a position, maybe not overweight.
You might want to overweight slightly when we hit the bottom, if my
thesis is correct, and otherwise just made.
Attain what you have don't stress.
I mean it's you know, it's God's money.
It's a sure thing.
It's certainly not a speculative investment, like a cryptocurrency and
if your weighted correctly and you have the right amount, you're
looking sleep at night.
You don't have to stress it.
People that over over invest or have expectations that are, let's say,
not realistic with what the money powers are able to achieve.
At this time.
I've seen, you know, I've watched this
Years probably longer than anybody maybe Ted Butler and I are you
know, the longest Hawks, you know Hawk mean.
We're lucky with beady eyes at the CO2 reports of the inventories.
But I've seen the registered category down as low as 35 million ounces
before we got a significant rally.
It right now, right?
100, but Roberts correct from the aspect of the flow rate, so it
doesn't matter too much of what the inventory amount.
Is it depends on how much is being siphoned off?
Its like flow through a pipe.
If you got a garden hose and is trickling out, and that's how much
filler demander is.
Or if you've got a fire hose of discussion on the can hardly, hold the
pressure.
You've got a different Dynamic.
So by putting words in Robertson mouth, but if you're in that fire
hose situation then, yeah, we haven't got much to go.
And that would be true for 2020.
That's what happened in 2020.
All That Remains to be determined with the final numbers are, but
halfway through the year, it looked as if we were in the fire hose
situation.
If we were, then the price really makes no sense.
And if that is to occur or is occurring, then I'll agree with them
that, you know, we have a situation that cannot be held back for very
long.
It all comes down to supply and demand, and Supply being verified is
for my vast experience.
There have been numerous.
Numerous times where people have bought silver and happens at gold as
well. But primarily in silver, paid for it, paid storage and really it's not
commensurate with equals a which means there's a lot of people doing
the same thing, but they're running a fractional Reserve System.
So yeah, there's silver there and yet sin evolved, but it's only,
let's say 50% of the Fiat that was put into the system tobacco.
And why?
Because you can get away with it because most people that buy and hold
it trust, their broker their account, their vault, whoever it is, and
I'm not calling out in the big names.
I think you're safe with you no pranks or Garda remove miss, or, you
know, any of the cftc warehouses.
I think you're safe in all of those.
I'm talking about.
Let's say some of these other ones and even remain see, brokerage
house. It means proving that Morgan Stanley lie, so you got to be a little
careful.
My point is that if every ounce of silver that was bought paid for in
stored was actually there.
I think you'd have a much tighter silver Supply than house.
There's so many ways for these Banks to hold it in their vault, but
for the counterparties to be able to leverage that use it as
collateral and produce.
Let's say, derivative product that really off of skates, the true.
Dynamics of the physical silver market and gold, and platinum
Palladium for that matter, but primarily, silver market.
I mean, I don't think we're going to see a big washout and gold or
silver silver.
I'm hoping the 2150 level.
We've already seen it, bounced off and pretty strongly and pretty good
buying down, there will hold, but it might, you know, Pierce that and
we could even see, you know, something in the nineteen level which is
super strong support.
If it got to that level I gotta stay there very long.
The heck of a buying opportunity.
I put out an alert for the Morgan report, you know, premium service
and gold, you know, 1700 probably is about as bad as it will get.
I just be cautious.
I'd say if you don't have any Now by it, and I would think anyone new
in the sector or wants to, you know, go along with the idea just, you
know, dollar cost average or buying over the next, I would say, six
months. I don't think this tightening.
I'm scare that the FED is announced will actually hold water for very
long.
I'd be surprised if it went any further than six months.