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Robert McHugh

Robert McHugh

Robert McHugh Ph.D. is President and CEO of Main Line Investors, Inc., a registered investment advisor in the Commonwealth of Pennsylvania.

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Silver and Gold Will Remain in Strong Uptrends

Silver and Gold have corrected after Gold hit a new all-time high a few weeks ago, and short-term traders took that as a profit taking opportunity. However, the uptrend will soon resume and new highs significantly above Gold's recent all time high and Silver's recent multi-decade high will be achieved in 2011.

Silver has started the sweet spot of what should be a near parabolic rise that lasts several years. Wave fives are the most explosive waves in precious metals, and Silver is inside the middle of wave 5 up, with a huge rally ahead when wave {5} up of 5 up arrives. Right now it is in wave {3} up of 5 up, so there is plenty of upside left in this rally.

Fundamentally, the growth in the supply of Silver will fall short of the growth in fiat currencies, which will put powerful upside pressure on the fiat price of Silver.

Gold will follow the same pattern, up bigtime, over the coming years.

The HUI is finishing a Symmetrical Triangle, and once complete, should rise sharply, along with precious metals.

 


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"Jesus said to them, "I am the bread of life; he who comes to Me
shall not hunger, and he who believes in Me shall never thirst.
For I have come down from heaven,
For this is the will of My Father, that everyone who beholds
the Son and believes in Him, may have eternal life;
and I Myself will raise him up on the last day."

John 6: 35, 38, 40

 

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