$32 Silver Is NOTHING! The COMING Gold & Silver Rally Will SHOCK The Entire World - Mario Innecco

$32 Silver Is NOTHING! The COMING Gold & Silver Rally Will SHOCK The Entire World - Mario Innecco

After three and a half years of correction and consolidation, Gold and Silver are in new bull markets and could reach price levels in the next few years, which would make some blush. Gold's cup and handle pattern has a measured upside target of 3,000 dollars and a logarithmic target of 4000 dollars. If Gold followed the 2005 to 2008 and 2008 to 2011 cyclical moves, it would surpass 4000 dollars.
In this video, renowned financial analyst Mario Innecco believes this shows that the new all-time high in Gold is being confirmed by silver, as silver has reached a new three-and-a-half-year high. Regarding silver's all-time high of 50 dollars, Innecco doesn't expect it will take much longer to reach this level as the pace has picked up significantly. Along with its 11-year high, silver is up more than 10% for the week, its best performance since early April. Silver prices have skyrocketed past 30 per ounce, reaching their highest level since 2013. This surge, exceeding 25% year-to-date, is fueled by a potent combination of strong investor interest and industrial demand. Despite the lack of new data, Innecco highlights the significance of the Xi Jinping and Vladimir Putin meeting, signaling a strong Russia-China alliance and a move towards a multipolar world. He believes this geopolitical shift will weaken the dollar and could drive silver to 50 dollars by year-end.
From his unique perspective, Mario Innecco warns against the allure of record highs in the FTSE and Dow, emphasizing the deceptive nature of melt-ups. He underscores the significance of ratios like the Dow-gold ratio, which suggests ongoing currency debasement. Today, the DOW Gold Ratio is around 17, very close to where it was just before the 1929 stock market crash. These extreme distortions in the market indicate a larger debt market hyper-bubble than ever before, suggesting a substantial drop in the Dow Gold Ratio and the possibility of it reaching a 1 to 1 ratio.
During the interview, Mario Innecco doubts there would be significant fiscal divergence between Trump and Biden, particularly regarding the national debt. He sees the options as facing the problem head-on, which could cause substantial suffering, or postponing the issue further. Government debt that has swelled nearly 50% since the early days of the Covid pandemic is generating elevated levels of worry both on Wall Street and in Washington. The federal IOU is now 34.5 trillion dollars, or about 11 trillion dollars higher than in March 2020. As a portion of the total U.S. economy, it is now more than 120%.
Furthermore, Innecco suggests a long-term plan by unseen forces, like bankers, to control the financial system, which historically involved phasing out gold and silver coins. He hopes people will question central bankers' credibility, particularly their proposed solutions.

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