The price of gold is soaring $30 today and silver is spiking nearly $1. Here is a look at what is happening and what to expect next.

Tough To Buy Gold Mining Stocks
May 6 (King World News) – Fred Hickey:  “Gold broke critical $1800 technical level and just kept going (up $26 currently). Miners popping too, but sure is hard to get in. Agnico (1 of top miners in world) only traded 300K shares so far. During 2000s gold bull, AEM would trade several million shares per day. In strong hands now.”

Going For The Gold
Graddhy out of Sweden:  It is now going for that 1,800 level after being range bound between 1767 and 1800 for almost a month. Expected move (see chart below.)

Massive Gold Breakout Today!

Silver Launch Pad
Graddhy out of Sweden:  Look at how all the moving averages are slowly coming together, forming one tightly held, collected, intertwined, support. This setup very often ends up being a launch pad (see chart below.)

Silver Preparing To Launch Through $30

To find out which silver company just made a major acquisition that will
quadruple their production click here or on the image below

Gold To See Major Sustained Upside Move
Ole Hansen, Head of Commodity Strategy at Saxo Bank:  Here is a chart I haven’t looked at for a while but interesting to see whether history can repeat itself. Gold has bounced strongly on several occasions since 2014 when the price moved 10% below its 200-day MA. (See chart below.)

Gold History Of Huge Upside Moves
(See Yellow Circles And Gold Trading)

Gold Headed To $1,851
Ole Hansen, Head of Commodity Strategy at Saxo Bank:  Gold finally above $1800, is sending a BIG thank you to silver for doing the pulling today. Buy stops from long-term shorts has yet to be challenged, so now comes the hard work of staying above. Support $1795 with next upside levels of interest being $1818 followed by $1851 (see chart below.)

Gold Will Quickly Surge To $1,851

***To listen to legend Steven Dean discuss what to expect next in the gold and silver markets as well as what he is doing with his own money CLICK HERE OR ON THE IMAGE BELOW…

***To hear Alasdair Macleod give another incredible look at the situation in the gold, silver, and mining share markets CLICK HERE OR ON THE IMAGE BELOW.

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