A shocking gold chart, plus this key indicator just hit the highest level in 62 years!
Nothing To See Here
October 26 (King World News) – While the government says there is little to no inflation, take a look at the price of skyrocketing lumber:
Highest Level In 62 Years!
And here is a look at skyrocketing asset prices from Peter Boockvar: Quantifying the intensity and relentlessness of the rally specifically in the DJIA has the 14 day Relative Strength Index at the highest level in 62 years. Yes, go back to June 1955 the last time it was this high at 88. Here is a chart of the DJIA since 1955 and note the sign of parabola since the November 8th election.
GOLD: 1980, 2011 And Today
And finally, look at this chart of Gold vs Total Debt from Gary Christenson:
Gold Remarkably Cheap vs Total Debt
Note the high on the chart above that was set in 1980. Gold barely moved the needle on this chart at the $1,920 high in 2011. This means there will still be enormous room on the upside when gold finally breaks the $2,000 level and begins to sprint higher when it finally enters the 3rd phase (mania or manic phase) of its secular bull market.
Speaking of gold…
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 expoloration 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.
***ALSO JUST RELEASED: DANGER: MAJOR ALERT: This Mega Breakout Threatens To Rock Global Markets CLICK HERE.
***KWN has now released the remarkable audio interview with Dr. Stephen Leeb discussing the catalyst for a mega-bull market in silver, the takedown in the metals, oil and much more CLICK HERE OR ON THE IMAGE BELOW.
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