Gold futures just hit an all-time high trading above $3,600 for the first time ever. Here is a look at what is happening…
Greyerz Just Warned He’s Seeing Physical Silver Shortages (link at bottom of article)! For now…
Gold
September 2 (King World News) – Graddhy out of Sweden: Gold is breaking higher today and so is silver. Could see swift move to around $4000-$4200 on gold.
KING WORLD NEWS NOTE: Gold’s Next Price Target Is $4,200!
Stated gold will break to the upside from its blue triangle. It did that on Friday. As I have also been noting, the miners recent bullishness was one of many clues that metals were going to break to the upside here.
Silver
Graddhy out of Sweden: Silver is now aiming for the all-time highs.
I have been stating for a long time that silver is climbing the right side of a huge rounded bottom/arc. And it is.
Silver has been stair-stepping up using pink trend lines; breaking above then backtesting. And, the Trump tariff crash in April ended up being just a healthy backtest to the huge 28.50 level.
KING WORLD NEWS NOTE: Silver Futures Now Trading Well Above $41, Last Resistance Is $41.50
Stated for a long time that one needs to understand that this up-move is very different from previous up-moves – the chart was now finally ready. That is the difference.
Price cannot move big until the chart is ready. And, it is ready now.
Last month silver was capped right at smaller$37.50 resistance, as expected would see. This month it closed high above $37.50 level. Next big resistance level is the $41.50 level.
Remember all those who were saying during the last sideways consolidation that silver (and gold…) was about to drop again. Instead, June 2nd-5th, I called the coming silver breakout above the $35 level days before it happened…
Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.
Big Picture
Graddhy out of Sweden: The weekend is for stepping back and looking at the very big picture.
Shared this gold miner index chart at the blue backtest at 280.00, saying it was the next big buy/add point. It was.
Since then it is up another 84%.
KING WORLD NEWS NOTE: HUI Will Skyrocket 1,250% From The Lows
Note that pink arrow is unchanged since I drew it back in 2022.
As stated for years – I am convinced this chart will play out. It is now happening.
Did you catch all of the move? Or, did you follow the ones that missed the 2022 lows, called a top on the way up, plus maybe even bailed to “get in lower”?
Following the right people is vital.
Gold Miners
Graddhy out of Sweden: Gold miners ETF GDX just broke out hugely to new all-time highs on a monthly time frame, with Friday being the last day of the month, i.e. the monthly close.
Shared this chart at all three green dots saying it was a big buy each time.
KING WORLD NEWS NOTE: GDX Gold Mining Index Just Completed Another Huge Upside Breakout To New All-Time Highs
Greyerz Just Warned He’s Seeing Physical Silver Shortages – Price Set To Skyrocket
KWN readers around the world need to stop what you are doing immediately and listen to one of the greatest audio interviews that Egon von Greyerz has ever given discussing this critical moment in history where he imminently expects to see skyrocketing silver, gold, and mining stocks, and where he discusses exactly what investors need to be doing with their money right now and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
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