We have recently seen how gold and silver have behaved in recent weeks; the behavior of the gold ETF has set an exceptional pace and it is not surprising that it will soon touch the resistance of $ 2,000, with projections to expire, the following year, of $ 3,000 an ounce.
The same happens with silver, despite always being undervalued and always being considered a second-class asset, the records that we see when exceeding $ 22 an ounce, marking, today, a record of $ 24.23. The projections are not exaggerated when saying that it could touch the $ 40 in the not so distant future. Platinum and palladium are not far behind either, with positive records of 26% and 67% respectively.
This has interesting readings, many may interpret this as a valuation of gold, silver, and some other metals as stores of value, traditional as gold, optional as silver, and perhaps new as platinum and palladium, but what that the numbers speak to us is of a loss of value of the dollar, a lack of confidence that is seen taken by the actions that many institutions, led by the FED and their maximum impression of money and their interest rates almost 0. There is a position In general, where they are taking a policy that does not help and hurts a lot.
These policies relatively distort the reality of the market and the lawsuits are clouded by the excessive amount of money that exists in cycling and that will be until the conditions are found to be able to find a path to recovery.
I have already mentioned in other articles that you must be very careful with what the market really is and evaluate its true behavior well, and that is in the words of Jim Gram, Founder of the financial magazine Grant Interest Rate Observer, indicates that you have " a monetary moment that is unprecedented and therefore requires extreme caution and great humility on the part of all of us. "
And is that metals are really a very dynamic alternative to what is happening in equities. The indicated has many expressions and interpretations, but in common sense we already know what this means in small letters that nobody wants to read.
Now, and where are the cryptos ?????, easy to answer, as we already show that the dollar is losing its standard condition, so the cryptos, led by bitcoin, are taking those spaces where the dollar already disappoints and gold and silver they repel because they are unattainable, where the most opportune see in them the creation of a whole new stock market that is only just beginning and that its valuation has not yet taken off.
Good things wait, but like everything, the actions of the FED accelerated many things; This massification is being accepted to give its incredible entrance, if not, see how PayPal, Visa and Master are now pending and working for what is coming.