David Erfle: Silver, Gold Moves Not Over, Key Price Levels to Watch

Summary:

Davidley and Charlotte discuss the recent surge in silver and gold prices, particularly in the context of supply squeezes and geopolitical concerns. They analyze the recent price action, highlighting a breakout from the 2011 resistance level and the potential for continued upward momentum. The video explores the role of the LBMA silver inventories, COMEX gold stocks, and the increasing focus on gold mining projects. The discussion centers on the potential for a “cup and handle” breakout in silver, with the next target being the 6,668 support level, and the potential for a bidding war as the probe deal moves forward. The video also touches on the broader implications of the US government’s interest in the Fed chair and the potential for a shift in monetary policy, leading to increased risk aversion and a potential for a “Ponzi scheme” scenario. The video concludes with a recommendation to diversify portfolios and focus on long-term investments, emphasizing the importance of understanding the underlying factors driving price movements.