The price of silver is now headed to a new all-time high above $50. Take a look…
Fear Is The Enemy
May 20 (King World News) – Graddhy out of Sweden: It is extremely important to really understand that nothing matters but price — absolutely nothing. You are always only buying price.
And, in order to get things right, you must ignore your bias and your emotions. Plus, one needs the right mindset, mental balance, personalized strategy, trading rules, daily routines, time management, technical tools and experience.
Also, market sentiment has to be at extremes at major tops (bullish) and bottoms (bearish) for a turn to happen.
Gold’s Massive Upside Breakout Shown Below
This means most have to be on the wrong side for big turns to happen. Think hard about that one and what that means.
Regarding having the right mindset, when markets do a trend reversal, it is vital to also change mindset because one can not trade a bull with a bearish mindset. If you constantly doubt the bull, you will not be able to change your mindset. You have to believe in the bull, that is have the tools to understand a shift has happened, or you end up being a victim of the wall of worry.
Silver vs Gold
Graddhy out of Sweden: SGR (Silver vs Gold Ratio) here, which is the reverse GSR (Gold vs Silver Ratio), has a cleaner pattern than GSR big picture. 2020 March crash low was the shakeout. This chart is now ready to deliver a historical upmove and lifetime opportunity for precious metals.
Silver vs Gold Ratio Ready To Explode Higher:
Meaning Silver Set To Lead Precious Metals Bull Market Higher By Significantly Outperforming Gold
The ride of our lives is starting. Get ready for it.
Silver On The Cusp Of Something Great
Graddhy out of Sweden: The big breakout level for Silver using the yearly time frame is $31-$32, not $38 and $50 that is on lower time frames.
Silver Now On The Cusp Of A Historic Upside Breakout That Will Propel It To New All-Time Highs Above $50
The blue tightening arrow pattern means a breakout is coming.
A 45-year, very bullish pattern. Let that sink in!
And, it is now right up against that neckline.
This Could Be The Big One
Eric King: “Bryan, in its early stages your project in Victoria is mirroring the legendary high-grade Fosterville discovery. And now you just released results from your project in PNG that shocked everyone because of the high-grade. In fact, it looks like that project is mirroring K92s historic high-grade discovery. So the company has now become a twin threat in terms of making world class discoveries.”
World Class Assays in the Right Neighborhood
Bryan Slusarchuk: “Yes, Eric, this week’s Great Pacific Gold assays show that the veins on the company’s Kesar Project, along strike and having the same orientation as major K92 vein sets, carry high grade mineralization. Multiple samples from outcrop and from small underground workings returned ultra high grades – one sample graded as high as 244 g/t gold. Note also, in addition to the sampling from in-place occurrences on the property, Great Pacific also conducted a soil sampling program with more than 300 samples taken over a strike length of 5.5km. These soils returned exceptionally remarkable values (see 20.9 g/t gold). As soil sampling has proven to be a very effective tool for K92 Mining next door, these high grades in the soils at Kesar are very encouraging.
Well Positioned for Massive Upside
Great Pacific Gold has assembled a commanding 2500 sq km land package in PNG, known as “The Land of Giants” in the mining world for good reason. These properties range from the early stage and highly prospective Kesar Project through to the more advanced stage, former producing Wild Dog asset. Copper and gold are both important in these systems and Great Pacific Gold has a multitude of high-grade epithermal vein targets along with porphyry style potential. PNG has become a hot exploration jurisdiction due to the success of K92 Mining and the recent entry of the world’s largest gold company to the country. The early mover/first mover advantage that the Great Pacific Gold team has in this new era of PNG mineral exploration is important.
Twin Threat For Major Discoveries
At current budget, Great Pacific Gold has two years of working capital and is therefore well financed to conduct exploration. And as you mentioned, Eric, in addition to the company’s substantial PNG copper-gold project, the company also has a new discovery next door in Australia called Comet where a hole grading 8m at 106 g/t gold was announced at the start of 2024 and is being followed up on now with additional drilling. So, Eric, PNG provides an excellent foundation while Australia provides some amazing lottery ticket blue sky potential. Great Pacific Gold, symbol GPAC in Canada and FSXLF in the US.
Billionaire Lassonde Says Gold Headed Thousands Of Dollars Higher
To listen to billionaire Pierre Lassonde discuss what he is buying right now as well as the wild trading he expects to see in the gold and silver markets CLICK HERE OR ON THE IMAGE BELOW.
To listen to Alasdair Macleod discuss this week’s explosive upside action in gold, silver and mining shares and what to expect next CLICK HERE OR ON THE IMAGE BELOW.
© 2024 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.
