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

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Hi everyone,

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I’m previewing the IMPORTANT
things for TRADERS to watch this week.

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I’m putting an extra emphasis
on the price of SILVER

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while I also rundown highlights
from the economic calendar

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and discuss some of the
BIG earnings coming out.

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Before we get started,

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I stumbled across this little NUGGET
which I thought was really interesting.

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Did you know that silver is
actually a HARDER metal than gold?

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It’s thought to be the main
reason why in ancient Egypt,

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silver was valued MUCH
MORE HIGHLY than gold.

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Right now one ounce of gold is worth
about NINETY-FIVE ounces of silver-

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that’s the gold silver ratio
which I will touch on again shortly.

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If you learned a little something
there please click the like

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button it really helps us spread
the word about these videos!

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So here you can see
what I think are the main

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events and data points
on the economic calendar.

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There’s a PBOC rate decision on Monday

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but there are few
different rates the central

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bank targets so the
impact is hard to judge.

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Japanese inflation is
expected to fall back to zero.

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We have two big pieces
of data out of Canada.

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Then we have UK retail sales
and a host of PMI data on Friday

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to give us the most up-to-date ideas
about the HEALTH of economies.

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Silver prices SMASHED through
big resistance at 19 dollars last week

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so I want to look at some
of the logic for its strength

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and WHY the moves might
be JUST getting started.

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The first one is obvious

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GOLD is at nine-year highs
and silver is playing catch-up.

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OK, well how do we judge a catch-up?

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We can look at the gold-silver ratio.

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In March, the gold-silver ratio,
which as I said in the intro is

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how many ounces of silver you
can exchange for an ounce of gold

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rose to a new RECORD of 124.

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Since then the ratio entered a
downtrend and is now at around 95.

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But after the last
FINANCIAL CRISIS in 2010,

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the ratio fell to 35 to 1.

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And in NATURE, silver is only
20 times more abundant than gold.

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If gold holds steady at the current
price of 1800 dollars per ounce

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and the ratio RETURNED to 35 to 1,

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silver would be worth over 50 dollars a
COLOSSAL 270% price rise from here.

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OK and before I sign off,

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whether you are trading US
indices or individual shares

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make a mark in your calendar that SNAP

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the owner of Snapchat
reports earnings on Tuesday,

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TESLA reports on Wednesday
while TWITTER and

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Royal Caribbean Cruises
report results on Thursday.

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Ask yourself this:

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What were people doing while locked
in their homes during the pandemic?

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They were on SOCIAL MEDIA
applications like Snapchat and Twitter.

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Tesla shares have
QUADRUPLED in price this year

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so I’m not sure how any earnings
can live up to that but let’s see.

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The cruise industry has been
DECIMATED by COVID-19

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so Royal Caribbean results
will be something to watch

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 for how bad things really got.

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Thanks everyone,

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good luck trading and
make sure to subscribe to

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our channel so you
don’t miss the next video.

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Thanks for watching!