Fort Kobbe International Vaults Newsletter 2023-01-12

A look at Gold and Silver Charts (12.01.2023)

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Utilizing the cup and handle formation on the monthly chart of gold, built up since 2012, and projecting the depth of the cup using the right shoulder of the formation, gives us a dollar value of approximately $1,000.00 added to the top horizontal green line of $2,000.00, giving us a projected price of about $3,000.00. As always, this represents the what, and the when is always the really difficult part to predict.

Gold Cup and Handle 11th January, 2023

Utilizing the cup and handle formation on the monthly chart of silver, built up since 2011, and projecting the depth of the cup using the right shoulder of the formation, gives us a dollar value of approximately $15.00 added to the top horizontal green line of $29.00, gives us a projected price of about $44.00. Similar to gold this represents the what, not the when.

I am certain that by now you are aware that my opinion is that silver is one of the cheapest assets on the planet, based on it being less than half the price that it was in 1980.

Silver Cup and Handle 11th January, 2023

Without question, the gold and silver markets are waking up. Just noticing the movements since November, silver from under $20.00 to about $23.50 and gold from under $1,700.00 to about $1,875.00.

We are also seeing the gold and silver stocks becoming enlivened although not to the same extent of the physical, yet. At present gold is outperforming the HUI (Gold bugs index, stocks) and Physical silver outperforming SIL (Global X silver miners index).

In a reasonably short time I expect the stocks to way outperform the physical, although physical is a far less risky proposition and both perform as well as  behave and react to very different market forces.

As the derivative market and general stock markets begin to implode funds will rush into gold and silver markets. Currencies will be at risk.

Clif High reckons that silver will get to $600.00 an ounce when currencies and derivatives begin to break down and this massive bubble overhead implodes. From his point of view, this will be an ‘interesting’ year.

You can listen to his podcast by clicking here.

TodayLast Week
Gold Price$1,887.00$1,835.00
Silver Price$23.75$23.32
Gold : Silver Ratio79.43:178.59:1
Gold Miners Bullish Percent Index51.7248.28
Dollar Index103.01104.91
Dow:Gold Ratio
(BahaUS30 34070.00 / Gold Price ,1887.00)
18.0517.97
Current USA inflation rate (Dept. of Statistics)7.1%7.7%

Gold’s low of the week was $1,864.00 and the high was $1,890.00, now trading at around $1,889.00

The monthly chart for Gold is a buy and looking strong. The weekly chart is a buy but looking overbought. The daily chart is a buy looking overbought.

$GOLD Gold - Continuous Contract (EOD) CME Wednesday 11th January, 2023

The low for Silver this week was $23.22 and the high $24.10, trading around $23.75 at present.

Silver on the monthly chart is a buy but faltering in momentum. On the weekly chart we have a buy which is holding but weakening. On the daily chart, we have a buy signal, looking a little weak.

$SILVER Silver - Continuous Contract (EOD) CME Wednesday 11th January, 2023

On the Stockcharts.com charts, the blue vertical lines are our proprietary system buy signals and the red vertical lines are system sell signals – for information purposes only

Please contact us to arrange the purchase and storage of your gold and silver requirements in a safe, insured, location outside of your jurisdiction.

This is my interpretation of the market and is not to be taken as financial advice. Before making any buy or sell decisions I recommend that you consult with your professional financial advisor.

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