(Audio/Transcript) Tom Cloud weighs in on why silver could gain 10%+ in 2014...
Gold still looks solid on technical charts. It is up 9% for the year even after the 6% pull back of the last few days. Gold is having a great first quarter.
The 15% average we've seen in gold for the last 13 years should be well surpassed in the next three years. We already see gold up 12% in 2014, and we're not even to the end of the first quarter.
The U.S. Dollar has gone from 86 to below 80 while gold, silver, palladium, and platinum are all up 8% or more for the year so far.
Gold has already gone from $1207 to $1267 year-to-date, providing more than a 5% gain in just a little over a month. I certainly expect to see much higher prices going forward.
You can easily understand why gold took a 28% dive last year when you've got a hundred people thinking they own gold when only one of them truly does, and that person has that gold in their possession.
We’ve said many times that once the dollar breaks down to 78 from the 81 it is right now in the world market, that’s pretty much when we think the game is over, and that’s when gold accelerates above $2000, and then goes on up to much, much higher numbers than that.
Gold and silver need to slowly build their foundations back over the next few months to get an all out buy signal based on technical analysis.
The markets, as you know, have been going down, and we're hoping for a bottom some time this week or in the next two weeks as the shorts expire in two weeks on the 19th.
We could have gold back over $1300 before the end of the year. Things are shaping up for a tremendous year for gold and silver in 2014.
"I'm expecting no cut in quantitative easing anytime in the near future, no matter what they say. I'm actually expecting for more quantitative easing."
Many people are thinking this could be the beginning of the end for America, and we've certainly seen some major, major things going on around the world.
"I think China has really picked up the pace of their plans to remove the dollar as the reserve currency of the world and replace it with the Yuan."
We certainly know that any action in Syria or Russian and Iranian involvement, will cause gold to go up dramatically. But for today, we're seeing metals sell off as people feel there's not an eminent strike in sight.
The goal is to get out of paper money because there is not any good ending that could possibly come from paper money in the near future.
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In silver news, Tom explains why he believes silver will outperform the other metals in 2013. He also explains what lies ahead for gold, platinum, and palladium.
Veteran precious metals advisor Tom Cloud explains what lies ahead for gold, silver, palladium, and platinum prices. He also explains why he believes the price of platinum may outperform that of gold in 2013.
Want to learn the fundamentals of precious metals investing? Watch this free online investing tutorial on investing in gold, silver, palladium, platinum, and even diamonds.
On this week’s program, we bring you the best of FTMWeekly Radio from the past year. But first, our good friend and Precious Metals Advisor, Tom Cloud, gives his insights on the prices of gold, silver, and palladium in this week's Precious Metals Market Update.
On this week’s program, Jerry Robinson and Tom Cloud discuss diamond investing at length. The possibility of a new diamond-backed ETF could signal a great buying opportunity. Also, the demand and supply conditions are lining up to make 2012 a tremendous year for diamond prices. Here to weigh in is veteran precious metals advisor, and diamond expert, Tom Cloud.