Below is an important update on gold, silver, miners and commodities.
Another Supercycle Bull Market
August 18 (King World News) – Otavio Costa: Commodities are making another move.
If you’re wondering why they keep coming back:
You can’t undo decades of chronic underinvestment and neglect in just two years of solid performance.
This still feels like the opening act of a major commodities supercycle.
Massive, Historic Breakout
Graddhy out of Sweden: The massive, historical breakout for SGR above the 15-year purple bullish expanding falling wedge, did coincide with silver’s big move as expected.
The breakout means SGR has now starting the climb up the right side of the red 45-year rounded bottom/arc. This chart told us that silver was about to move big.
Been saying for years that SGR, which is the reverse GSR, has a cleaner pattern than GSR.
Said in the post linked below that “The chart is now ready.”. And we now finally have the huge breakout.
Take in that it is a breakout from a 15-year (..!) expanding falling wedge. Usually a very bullish pattern. And, do note that this massive breakout is a starting move for this chart below, and not an ending move. We will still have small and big pullbacks though of course, like we have right now.
SGR is now backtesting on lower time frames.
Great Timing
Graddhy out of Sweden: Posted this chart at the backtest at 280.00, saying it was the next big buy/add point. It was.
Many said stay away from miners back then, which was nonsense. We caught the high early this year too. Been saying from very lows this chart will play out. Now happening.
Following the right people is absolutely vital.
Big Move
Graddhy out of Sweden: You saw the big move in silver miners last year.
Posted this chart right at the start of the move, saying:
►”I think it is time again for an EPIC move in silver miners.”
It was.
I hope you took notice, have big profits from it, and maybe caught all of the move as we did at the service. We also caught the top in Jan/Feb.
Many bailed along the way on the way up and now claim they caught all of the move. We never move the goal post at the service though.
These opportunities are very, very rare, so do not miss them, and do play it right. When a bull resumes, like gold and silver now has done, it is vital to change mindset. One can not play a bull with a bearish mindset. And, if you doubt the bull, you will not be able to change mindset, which means you will not be able to make good use of the bull. You have to believe in the bull or you end up being a victim of the wall of worry, i.e. your own emotions. And, most do need help with this.
$180 Silver
To hear how high Nomi predicts the price of gold and silver will be next year CLICK HERE OR ON THE IMAGE BELOW.
Could The Price Of Gold Surge To $8,000 In Just A Few Months?
To listen to Alasdair Macleod discuss skyrocketing gold, silver, oil, and mining stocks CLICK HERE OR ON THE IMAGE BELOW.
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