Certainly, when the new CFTC and Basel III rules come into effect, commodity markets will experience extreme volatility. There are currently 100 ounces of virtual gold for an ounce of physical. This proportion will drop very sharply. You will have to keep your nerves, when this happens. And keep your back during the downturn, until prices explode higher.

Kristalina Giorgieva, current IMF director, gave a speech on October 15, which bore the promising title of "A New Bretton Woods Moment".

Silver is expected to break through $26 resistance in mid August, before bumping into resistance at $27.50 and hanging off a bit. The level of $30 could be reached at the end of September, a deadline each year very important for the silver market.

On June 3, 2020, at the World Economic Forum, Kristalina Georgieva, the current director of the IMF, gave a conference untitled "The Great Reset". During her speech, she referred to the 1944 Bretton Woods conference, which had set the monetary rules for the following decades and she declared that this epidemic is an opportunity to change the world.

The financial crash of March allowed the silver to go to make its pull-back on the resistance, which came from the summit of 2011, and had been crossed on June 18, 2019.

With the ongoing financial meltdown, demand for precious metals has exploded while at the same time, supply has abruptly dried up. Prices will not stay long at current levels. Expect some great surprises in May-June.

In the short and medium term, the value of stocks, bonds and currencies should undergo a violent readjustment due to the explosion of the debt bubble, hang on to your precious metals, which conversely will be very strongly revalued upwards.

The Chinese economy had been almost at a standstill for 3 weeks. What impact on precious metals?

If I’m talking about Caracas, it’s to draw a parallel with Wall Street. In Venezuela, the stock market goes up because the currency devalues... The same is true in New York.

The end of the year should see silver prices rise sharply. One thing is certain, 2020 and 2021 will mark a major turning point in the History of money. Hang on to your precious metals. They are your security in the mess ahead.

There is a "big fish" who, by a sleight of hand between futures and ETFs, who could be now in possession of 100 Moz of "physical" silver without making the silver price soaring.

Since 2011, it had been verified, month after month, that the bullion bank’s trading software for silver is based on the Fibonacci’s fan. Each time that one of this fan coming from the 2011’s high is broken by the price going upwards, silver cannot mount durably if there is not a pull-back on it, to check that this ex-resistance became a support.

Precious metals are set to rise much higher, but after the sharp rise in recent months, a correction is needed and probably imminent.

This third leg up should bring a virtually continuous rise to about $ 19.5 in October. After a quick consolidation to $ 17, silver will resume its rise to its first goal, which is $ 21.

Silver had risen to $ 50 in 1980 and I am expecting an identical increase towards $ 500 in the next years, in particular because of the RESET related to the Monetary Reform.

Having found a solid base, silver will be able to develop the third leg of its bullish rally.

China, having itself announced its desire to see Keynes' BANCOR set up, knows that the solution to resolve the huge imbalance in Sino-American trade is to revalue the yuan and devalue the US dollar.

The bullish move in precious metals that just started, should gather steam from February to May, as the stock markets should go deeper.

I expect that the bottom of silver will be reached in the last days of November and that the rule 589 should be applied in the first trading days of December, for a vertiginous rise, as no one dares to evoke it to aloud.

If you look at the bullish rally that followed the severe decline in price in 2008, there is a fan (dotted line) on which there has been no pullback in 2008. I think we’re going to get this pullback in the leg of decline to come, in order to better consolidate the rise that will follow.