Today Graddhy sent King World News a note warning that the gold market has now seen a short-term top, although longer-term gold price will be wildly higher than what is being quoted today.
January 30 (King World News) – Graddhy out of Sweden: Note that this is a very big picture chart. There will of course be both smaller and larger shorter/intermediate term pullbacks/corrections along the way.
KING WORLD NEWS NOTE: Graddhy Says Gold Price Has Topped Short-Term, But The Good News Is Long-Term Target Is $48,000!
Calling A Short-Term Top In Gold
And, it now looks like we have a top right here for this move with the price action we are seeing pre-market today Friday. I have warned about this at the service yesterday.
Been saying for many years now that not taking this simple chart seriously would be the biggest financial mistake of your life.
Posted this chart for the 1st time 4-5 years ago at black line backtest, saying it was most probably a blue bullish rising wedge.
Gold is now at $5500.
I have also been stating that $1673 was the big backtest level for gold, not the $2000-$2100 level everybody kept talking about. Also, stated that for silver the big levels were $28.50-$35, and everybody kept talking about the $50 level; silver hit resistance between $28.50-$35 but just blew through $50.
Billionaire Pierre Lassonde Predicts Gold Price Will Hit $25,000
This is one of Pierre Lassonde’s greatest interviews ever where he predicts jaw-dropping prices for gold, silver and mining stocks and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
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Billionaire Pierre Lassonde Just Predicted Gold Price Will Hit $25,000 CLICK HERE.
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Gold Quote Of The Day! CLICK HERE.
What Could Go Wrong? CLICK HERE.
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Michael Oliver – Historic Breakouts Will Now Send Gold & Silver Prices To Levels That Will Shock The World! CLICK HERE.
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