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== Neural Market Trends ==
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Gold & Silver Market Report for Dec 19, 2020

Market Report Gold Silver

It’s Saturday, December 19, 2020 and this is your week’s Gold and Silver market report. In a stunning reversal, Gold and Silver prices closed higher this week. While this is good news, the charts are showing that Gold is making ‘lower highs, and ‘lower lows’ on the weekly charts and Silver appears to be in a range.

Still, this up movement was welcome news for the Silverbugs who are hoping for a $30/oz Christmas. Gold closed at $1,885.69, up 2.49% for the week, where Silver closed at $25.94, up 7.94%!

Gold Chart

Gold had a strong week with Bulls breaking through last week’s long legged dojo and charging higher. Last week’s model’s predicted a lower close but Gold Bulls wanted to end the year on a strong note. Our models show that this week’s action was strong enough to affect the downward price trend by creating a temporary pause.

It remains to be seen if Bulls will come charging out of the gate to higher prices in 2021. Right now, our models are predicting a higher close for Gold next week to the $1,839 level. However, the risk to the downside remains and it is quite possible that Gold could end the year closer to the $1,800 level than the $1,900 level.

Buying Gold and Silver Bullion and Coins

Sometimes it's hard to find a good coin dealer. In those cases I like to check out what's available on Amazon. Here are some options to gold bullion and coins from there.

Weekly Gold Chart with Support and Resistance Lines
*Note: Red lines are key resistance, Green lines are key support*

Silver Chart

Silver had a volatile week as Silverbugs continue to buy at these levels. The long legged dojo from the week before was broken as Bulls took control but failed to break through the $26 level. Silverbugs are eyeing the $30 level to either start selling trapped positions or confirm that their purchases at the $23 to $25 level was a wise buy. Expect more volatility this week.

Just as Gold above, this week’s price action was enough to create a temporary pause on the downward price trend and our models are pointing to a flat close for Silver next week to the $25.92 level. Our models show that the current price level for Silver is where it supposed to be, anything above it is too pricey and anything below it is at value.

Buying Gold and Silver Bullion and Coins

Sometimes it's hard to find a good coin dealer. In those cases I like to check out what's available on Amazon. Here are some options to buying silver bullion and coins from there.

Weekly Gold Chart with Support and Resistance Lines
*Note: Red lines are key resistance, Green lines are key support*

Gold to Silver Ratio Chart

The Gold to Silver Ratio closed higher to the 72.66 level, a touch higher from last week’s close. Last week’s strong Gold and Silver action kept this ratio pretty flat and our models appear to be transitioning to another state with initial results are showing the Gold to Silver ratio could move lower in the new year. However, our models forecasting a slight higher close to 76.82 for next week indicating that Silver might be heading lower. This is at odds with our Silver forecast above.

Gold to Silver Ratio Chart
*Note: Red lines are key resistance, Green lines are key support*

Learn Stock Trading, Investing, and Risk Management

There are a handful of financial and trading books that have made a HUGE impact on my investments. If you want to trade and learn about money and risk management then I suggest you get the Van Tharp book. If you want just focus on long term investing, get the Random Walk Down Wall Street book.

Hell, get them both. I owe my wealth to what I learned in those books.

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