Of the many precious metal investors out there, James Turk is one of the individuals worth keeping an eye on. He has built up a solid reputation as a silver bug, and continues to share his opinion on the financial market as a whole.
The Storied Career of James Turk
One isn’t simply born and destined to be active in the financial sector. For James Turk, that is the case as much as anyone else, although his career is quite storied. More specifically, he has specialized in international banking, finance, and investments since 1969. That represents roughly 50 years of experience, which should never be ignored.
Previous employers include The Chase Manhattan Bank, multiple trading and investment companies, as well as the Abu Dhabi Investment Authority. Throughout those tenures, he has also worked in many different countries, such as Thailand, Hong Kong, the Philipps, and the UAE. By working in those regions, Turk has been able to gather a lot of insights into how local markets work, and which shortcomings they might face.
Ever since retiring from his last position in 1987, James has been able to keep himself busy. Not only has he worked on The Freemarket Gold & Money Report, but also wrote several books. Noteworthy volumes include SOCIAL SECURITY Lies, The Illusions of Prosperity, and Myths and Reality. He is also the founder of GoldMoney.com, and he holds two US patents for digital gold currency.
James Turk on Silver in 2019
It is interesting to note how the silver market sentiment of James Turk hasn’t changed in the slightest between 2019 and 2020. About a year ago, Turk was confident that people were finally waking up to the concept of a major gold bull run. At the same time, the overall interest in gold would help push silver prices much higher.
According to James, he became bullish on silver after learning about some new geological surveys. Additionally, he began paying more attention to the silver-gold ratio, which was leaning toward the cheaper metal at the time. Although things certainly have changed ever since, but overall sentiment still holds true today.
In fact, Turk identified a trading chart pattern known as the cup and handle formation. However, this one was playing out on a much longer scale, as it goes from early 1975 all the way to July of 2019. Looking at the bigger picture is always crucial when dealing with long-term investments. This may have been one of the longest plays in history, but the cup and handle came true in the end, as the silver price has gone through a decent price spike.
James Turk on Gold & Silver in 2020
In late January of 2020 – in a time when the coronavirus wasn’t an issue yet – Turk predicted how both gold and silver would hit new highs sooner rather than later. That vision certainly came true with a bit of help from a new pandemic, and weird actions by central banks all over the world. However, the momentum was already leaning toward a bullish precious metals market regardless.
Surprisingly, Turk also referred to other precious metals going through a similar trend. Even the palladium chart was shared, which is a metal that most people tend to overlook. Turk eventually predicted a gold price of over $1,600 and a silver value that would leave $18.5 in the dust. Both of these have come true, and it would appear that this may only be the beginning of what is yet to come.
Many individuals have expressed their support for precious metals over the years, Rick Rule has proven to be an individual worth keeping an eye on, His predictions and opinions on both silver and gold tend to strike a chord with a lot of people.
Who is Rick Rule?
People unfamiliar with the name may be interested to know that Rick Rule is currently the President and CEO of Sprott US Holdings. Prior to that, he worked in the securities industry since 1974. In the early years of his full-time career, the focus shifted to natural resource security investments. It is this approach that ultimately drove him in the arms of precious metals, such as gold and silver.
Early on, Rule saw a lot of potential in resource investing. More specifically, he was very quick to identify the potential of mining, water utilities, agriculture, and energy.
All of these segments are crucial to most day-to-day business operations, and investing in them is certainly possible. After all, without the proper infrastructure, corporations can’t do much, let alone make money.
Meeting Rick in real life is equally possible, as he is a frequent speaker. Finding him at industry conferences, or even on the radio or television, is not that difficult in this day and age. His opinions and expertise are valued very highly in the industry.
Rick Rule on Silver
Having a strong opinion on different industries will often yield to some bold predictions. When it comes to the silver market, Rick Rule hasn’t shied away from expressing his sentiment at certain times. Just six months ago, Rick claimed how the supply and demand equation for silver could get a lot more complex than most people may think.
In the same video, Rule also hinted at how the coming months could yield some bullish momentum for the silver market. Although he couldn’t predict the COVID-19 outbreak, silver has proven to be incredibly resilient. Value-wise, it has performed as well as anyone could have wanted. There is still more room for a bigger uptrend, but it is difficult to make any adequate predictions in this regard.
Preparing for the Future
Most industry analysts and experts want to inform onlookers and investors as to what decisions to make. Rick Rule goes one step further, as he recently published a video on when to exit gold and silver stocks. It seems now is not the time to do so yet, but things may change significantly over the next 15-18 months.
While some people may not want to think about exiting their positions, it is unavoidable. No market can keep going up forever, thus preparing for what has to happen is never a wasted effort. Following anyone’s advice blindly is never a smart decision, but some of Rule’s remarks should be taken into account.
Many people have strong opinions on silver and other precious metals. Ralph Aldis, current portfolio manager of US Global investors, has been analyzing precious metal markets for several years now. He is very confident that silver and gold have a bright future ahead of them.
Who is Ralph Aldis?
Individuals who have kept close tabs on the financial industry may have come across the name of Ralph Aldis before. He has been a long-term analyst of precious metal markets. Throughout his career, he has worked for many different companies all over the world. This lifetime experience has allowed him to share his outlook on the financial world with the rest of the world.
Companies which Aldis worked for – or still works for – include the China Region Fund, the US Global Jets ETF, All American Equity Fund, and Holmes Macro Trends Fund. All of these entities are prominent in their respective industry. Being able to be part of so many great companies provides unprecedented experience and insights.
Ralph Aldis has also been named twice as a US Metals and Mining “TopGun”. This title is “awarded” by Brendan Wood International every single year. He is also the Best Americas Based Fund manager in 2016, awarded by Mining Journal.
Ralph Aldis Focuses on Stocks
Unlike what some people may expect, Ralph Aldis does not discuss prices of precious metals individually all that often. Instead, he likes to keep tabs on the much bigger picture. That includes evaluating companies active in precious metals, and what their business model may entail exactly.
In recent years, his attention has shifted primarily to mining stocks. This is not unlike some other gold and silver bugs we have covered in the past. If mining operations do well, the metals they produce tend to benefit from this upward momentum as well.
Ralph Aldis on Gold and Silver
Similar to other precious metal analysts, Aldis is keeping a very close eye on the markets as of right now. The recent intervention by governments and central banks will have unforeseen consequences on the global economy. It seems very unlikely that this impact will be positive. As such, the demand for safe havens, such as gold and silver, is likely to keep increasing.
He also hints at how a potential change in White House leadership can be another major catalyst for these markets. Politics have a way of upsetting financial markets, primarily stocks, bonds, and treasuries. Anything not directly influenced by governments and central banks will tend to fare a whole lot better.
Coming across financial experts who are bullish on silver has become a lot more straightforward recently. One of the Uber bulls is Keith Neumeyer, as he expects silver to hit $130 per ounce at some point.
The Career of Keith Neumeyer
People familiar with the financial sector may have heard Keith’s name before. He is the founder of First Majestic Silver Corp and First Mining Gold Corp. Both companies have performed admirably since their inception, as their focus on precious metals has proven to be the right one.
Throughout his career, Neumeyer has been at the head of multiple other companies as well. This is not uncommon for silver or gold bugs, as they tend to be rather knowledgeable about a lot of different things.
Along every step of the way, Keith has always been involved in precious metals first and foremost, as those have a lot of potential now and in the future.
A Closer Look at First Majestic Silver Corp
Initially founded in 2002, First Majestic Silver Corp has proven to be a very successful company. The Canadian firm operates in Mexico, where seven mines are under its control right now. All of these locations are home to silver mining operations.
Over the years, the company has begun selling its own bullion rounds and bars. Whereas competitors would do this via private mints, First Majestic does everything in house. It is a good way to keep costs down, and not having to rely on third parties.
Production-wise, First Majestic has been very successful. Its production has been ramping up, primarily thanks to vast amounts of pure silver waiting to be mined.
Keith Neumeyer on Silver
Given his position in the precious metals industry, it is only normal to see Keith share bullish price predictions. Back in 2017, his comments were rather remarkable, and somewhat off-base.
More specifically, Neumeyer indicates that silver would push to $130. A very interesting price target at the time. considering how surpassing $20 has been a real struggle.
Even so, Keith indicated that there would be a new bull market for all precious metals in the next few years. So far, 2020 has proven that sentiment correct, although $130 remains a lofty silver price target.
In the same interview, Keith talked about what would happen to the gold price moving forward. In his opinion, a push to $8,000 would not be unlikely by any means.
This is somewhat in line with recent predictions pointing at $3,000 and more. That is still far removed from $8,000, but the world has never gone through a COVID-19 pandemic either.
In the world of precious metals, there are many analysts, speakers, and silver bugs. Jeff Clark is one of the most respected authorities on precious metals today, and he will keep sharing his opinions on gold and silver for quite some time to come.
Who is Jeff Clark?
Anyone with an affinity for gold, silver, and other precious metals will have heard the name Jeff Clark before. He is an analyst, author, and speaker at events. More importantly, precious metals are part of his family’s lifeblood, as his father is an award-winning gold panner.
Furthermore, the Clark family owns ample land in the United States. On some of these locations, family-owned mining claims are still present. Areas of great interest include Arizona, Nevada, and California. There is still gold to be found in American mines, although retrieving it can prove to be somewhat complicated at times.
Over the past decade and a half, Clark has put the majority of his focus on analyzing the precious metals mining industry. BIG GOLD by Casey Research, a world-renowned publication, has been one of his outlets. Today, his content can be found on GoldSilver.com, where he is a senior precious metals analyst.
At conferences, one may run into Jeff Clark as well. Major events focusing on precious metals will often try to get him as a speaker or a panelist. His expertise and views on precious metals should never be underestimated.
Jeff Clark the Contributor
Up until 2015, Jeff Clark used to submit a lot of gold-related content, as well as some articles about silver. In virtually every piece he would cover the industry as a whole, yet highlight some noteworthy developments people should be aware of.
As one would come to expect, Clark also tried to spread the word on gold mining stocks, primarily those tied to established mining operations. There is decent money to be made by picking a winning gold mining stock, albeit one needs to conduct a lot of research before doing so.
In a recent post, Jeff Clark highlighted the potential silver price breakout. Something has been brewing for some time now, and it appears that a new catalyst may come into play fairly soon. While often overlooked, silver may have more profit potential than gold as of this moment.