Michael Ballanger: 2019 Is The Year Silver Outperforms Gold, Copper & The Mining stocks

Thursday, January 3, 2019
By Paul Martin

January 3, 2019

Michael says that in 2019, one must surmise that silver has to be owned – period! Here are Michael’s reasons why…

by Michael Ballanger via Streetwise Reports

A Brief Word on Forecasts
Each year between December 25 and January 1, every blogger, analyst, newsletter guru, or market historian like me issues their “forecast” for the upcoming year, and what I find a worthy exercise is to go back and read what we all wrote in the same manner that, as a youth, I used to track the meteorological forecasts of the famous CBC weatherman, Percy Saltzman.

The one thing that has struck me over the years is that forecasting markets is rarely much different than the trackman’s picks at Woodbine Race Track or the Vegas line on football games or Percy’s chalkboard alchemy deciphering rain clouds. Even when forecasts of economic or financial events are correct, particularly in the years following the 2008 Great Financial Bailout, the outcomes have been skewed at best and bizarre at worst. To watch as trillions of dollars, pounds, euros and yen were magically created out of thin air while the two monetary metals were prevented from levitating through government edict is a clear and present danger to the art of prognostication.

So take this missive with a large grain of salt and try to find amusement or value in it, but as the graphic below clearly indicates, forecasting markets is an inexact and difficult science.

The Rest…HERE

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