Search LOGIN

Week Ahead: July 20

Short Description

The Gold-Silver Ratio says XAG/USD can rise 270%! Silver ripped has ripped to 10-month highs and I take a look at the gold / silver ratio to see what that says about how t trader silver from here. I also rundown the economic calendar and top Q2 earnings from the likes of Tesla. Thanks! Rich

Video Script

1
00:00:00,039 --> 00:00:01,148
Hi everyone,

2
00:00:01,173 --> 00:00:05,078
I’m previewing the IMPORTANT
things for TRADERS to watch this week.

3
00:00:05,110 --> 00:00:08,312
I’m putting an extra emphasis
on the price of SILVER

4
00:00:08,337 --> 00:00:11,961
while I also rundown highlights
from the economic calendar

5
00:00:11,986 --> 00:00:14,649
and discuss some of the
BIG earnings coming out.

6
00:00:23,381 --> 00:00:25,178
Before we get started,

7
00:00:25,210 --> 00:00:29,583
I stumbled across this little NUGGET
which I thought was really interesting.

8
00:00:29,608 --> 00:00:34,276
Did you know that silver is
actually a HARDER metal than gold?

9
00:00:34,301 --> 00:00:37,495
It’s thought to be the main
reason why in ancient Egypt,

10
00:00:37,520 --> 00:00:40,980
silver was valued MUCH
MORE HIGHLY than gold.

11
00:00:41,005 --> 00:00:46,114
Right now one ounce of gold is worth
about NINETY-FIVE ounces of silver-

12
00:00:46,139 --> 00:00:49,609
that’s the gold silver ratio
which I will touch on again shortly.

13
00:00:49,634 --> 00:00:52,781
If you learned a little something
there please click the like

14
00:00:52,805 --> 00:00:55,951
button it really helps us spread
the word about these videos!

15
00:00:55,976 --> 00:00:58,150
So here you can see
what I think are the main

16
00:00:58,174 --> 00:01:00,645
events and data points
on the economic calendar.

17
00:01:00,670 --> 00:01:03,387
There’s a PBOC rate decision on Monday

18
00:01:03,412 --> 00:01:06,005
but there are few
different rates the central

19
00:01:06,037 --> 00:01:08,630
bank targets so the
impact is hard to judge.

20
00:01:08,655 --> 00:01:11,834
Japanese inflation is
expected to fall back to zero.

21
00:01:11,859 --> 00:01:15,112
We have two big pieces
of data out of Canada.

22
00:01:15,137 --> 00:01:19,458
Then we have UK retail sales
and a host of PMI data on Friday

23
00:01:19,483 --> 00:01:23,434
to give us the most up-to-date ideas
about the HEALTH of economies.

24
00:01:23,459 --> 00:01:27,847
Silver prices SMASHED through
big resistance at 19 dollars last week

25
00:01:27,872 --> 00:01:31,423
so I want to look at some
of the logic for its strength

26
00:01:31,456 --> 00:01:35,407
and WHY the moves might
be JUST getting started.

27
00:01:35,432 --> 00:01:37,734
The first one is obvious

28
00:01:37,759 --> 00:01:42,001
GOLD is at nine-year highs
and silver is playing catch-up.

29
00:01:42,026 --> 00:01:44,832
OK, well how do we judge a catch-up?

30
00:01:44,857 --> 00:01:47,987
We can look at the gold-silver ratio.

31
00:01:48,012 --> 00:01:51,331
In March, the gold-silver ratio,
which as I said in the intro is

32
00:01:51,355 --> 00:01:54,674
how many ounces of silver you
can exchange for an ounce of gold

33
00:01:54,699 --> 00:01:58,040
rose to a new RECORD of 124.

34
00:01:58,065 --> 00:02:02,830
Since then the ratio entered a
downtrend and is now at around 95.

35
00:02:02,855 --> 00:02:06,155
But after the last
FINANCIAL CRISIS in 2010,

36
00:02:06,180 --> 00:02:08,905
the ratio fell to 35 to 1.

37
00:02:08,930 --> 00:02:14,183
And in NATURE, silver is only
20 times more abundant than gold.

38
00:02:14,208 --> 00:02:18,413
If gold holds steady at the current
price of 1800 dollars per ounce

39
00:02:18,438 --> 00:02:21,460
and the ratio RETURNED to 35 to 1,

40
00:02:21,485 --> 00:02:28,128
silver would be worth over 50 dollars a
COLOSSAL 270% price rise from here.

41
00:02:28,153 --> 00:02:30,269
OK and before I sign off,

42
00:02:30,294 --> 00:02:33,958
whether you are trading US
indices or individual shares

43
00:02:33,983 --> 00:02:36,856
make a mark in your calendar that SNAP

44
00:02:36,881 --> 00:02:40,836
the owner of Snapchat
reports earnings on Tuesday,

45
00:02:40,861 --> 00:02:44,429
TESLA reports on Wednesday
while TWITTER and

46
00:02:44,453 --> 00:02:47,875
Royal Caribbean Cruises
report results on Thursday.

47
00:02:47,900 --> 00:02:49,319
Ask yourself this:

48
00:02:49,344 --> 00:02:52,772
What were people doing while locked
in their homes during the pandemic?

49
00:02:52,797 --> 00:02:58,116
They were on SOCIAL MEDIA
applications like Snapchat and Twitter.

50
00:02:58,141 --> 00:03:01,481
Tesla shares have
QUADRUPLED in price this year

51
00:03:01,506 --> 00:03:06,039
so I’m not sure how any earnings
can live up to that but let’s see.

52
00:03:06,064 --> 00:03:09,459
The cruise industry has been
DECIMATED by COVID-19

53
00:03:09,491 --> 00:03:12,583
so Royal Caribbean results
will be something to watch

54
00:03:12,608 --> 00:03:14,377
 for how bad things really got.

55
00:03:14,402 --> 00:03:15,362
Thanks everyone,

56
00:03:15,387 --> 00:03:17,729
good luck trading and
make sure to subscribe to

57
00:03:17,753 --> 00:03:20,096
our channel so you
don’t miss the next video.

58
00:03:20,582 --> 00:03:25,652
Thanks for watching!

 

UNLIMITED ACCESS!

The best way to keep track of your accounts. Get notifications
and access your dashboard any time!

Open a live or demo account, make secure deposits or get latest
market updates for free!