At the end of a week of consolidation, here is what gold and silver prices are set to soar.
July 21 (King World News) – Alsadair Macleod: “The dollar trade weighted index broke down last week. It went through a very, very important support line. And that breakdown is very important because it came at the same time that Russia announced the BRICS Summit will have on its agenda a new gold-backed currency. But equally on a chart when something breaks down below a support level, it’s initial will be to rally back up to test that support. And anyone who failed to get out will have a second change to get out of dollars. This is a perfectly natural rally in a bear phase. I think the speed at which the dollar is going to fall is going to be quite surprising. This story is going to push gold and silver because silver goes up with gold roughly twice as fast. These metals priced in dollars are going to soar. The first move (for gold and silver) will be…to continue listening to Alasdair Macleod discuss where gold and silver prices are set to move next and much more CLICK HERE OR ON THE IMAGE BELOW.
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