With extraordinary volatility among global currencies, here is a look at a Golden Apple and $1,800 gold.
“A speculator is a man who observes the future, and acts before it occurs.” — Bernard Baruch
A Golden Apple
By Ronald-Peter Stoeferle, Incrementum AG Liechtenstein
May 31 (King World News) – With its current cash reserve of USD 285bn, Apple could in theory either buy the entire Gold Bugs Index almost three times over or, alternatively, buy 6,750 tons of gold. Continuing with this thought experiment, if the latter were to happen, Apple would become the world’s second-largest gold holder after the US Treasury.
Stoferle continues: The analysis of the chart since 2010 reveals that the impulsive increase of $280 to $1,920 has been subject to correction since 2011. This correction has led to the establishment of an impressive inverse shoulder-head-shoulder formation that could be resolved upwards in due course. If the gold price were to break through this resistance zone, the next target would be $1,800, as calculated on the basis of the distance from the head to the shoulder line, projected upwards.
Gold’s Powerful Reverse Head & Shoulders Formation Targets $1,800!
King World News note: Although games are still being played in the paper gold market by the bullion banks, the clock is ticking for the bears. Gold will break above $1,400 and explode higher, it’s just a question of when the manipulators will lose control.
Also, many of the KWN staff were traveling around the world with Mr. King for more than 2 months and they have just returned, so the audio interviews will kickoff next week with London whistleblower Andrew Maguire!
In The Footsteps Of Giants
One of the top questions KWN receives from investors about the mining industry is always: “How do you know out of the thousands of companies there are to choose from which will take-off and which ones will falter?” The answer for smart money investors is always to look for proven leaders with previous success as a good indicator of future success. One individual that fits this description is pictured below with multi-billionaire Robert Friedland.
Multi-billionaire Robert Friedland chose this man to lead his exploration team and it turned out to be a brilliant move because he was responsible for two of the largest and most important discoveries the world has ever seen while leading the team at Ivanhoe Mines. Investors across the globe are now following this man into his latest venture where he will help lead an exploration team where the CEO believes the team will deliver drill results that will send the stock price soaring more than 1,000 percent! Also, a legend in the business just made a 7-figure investment into this relatively unknown company. To get in on the ground floor and learn more about this remarkable company simply CLICK HERE.
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