On the heels of gold and silver continuing their recent surges, analyst David P. out of Europe sent King World News two extremely important charts, plus a look at $400 silver.
Major Gold Breakout
November 15 (King World News) – The following long-term gold & silver charts and commentary were sent to KWN by analyst David P. out of Europe: We have a confirmed breakout in Gold on a weekly basis (see chart below).
SHORT TERM (WEEKLY):
Gold’s Major Upside Breakout On The Weekly Chart
Gold’s Long Term Outlook
But the big technical level for Gold that will be tested next week is the monthly (see chart below).
BIG PICTURE (MONTHLY):
A Monthly Close Above The Breakout
VERY BIG DEAL!
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acquisitions of 2021 that stunned investors!
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Silver To Outperform Gold
There is now a perfect head & shoulders pattern on the Gold/Silver ratio on both the daily and the monthly (see charts below).
SHORT TERM PICTURE:
Silver Upside Will Accelerate When Gold/Silver
Ratio Breaks Decisively Below 73/1
When The Gold/Silver Ratio Breaks 64/1, Silver’s
Outperformance vs Gold Will Accelerate
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***ALSO JUST RELEASED: Greyerz – There Will Be A Mania In Gold As The Global Economic Crisis Continues To Worsen CLICK HERE.
***ALSO JUST RELEASED: Gold & Silver See Massive Breakout Week, But The Next Upside Moves Will Be Extremely Powerful CLICK HERE.
***To listen to James Turk discuss what key levels to watch in the silver market and why the mining stocks are poised to explode higher CLICK HERE OR ON THE IMAGE BELOW.
***To listen to Alasdair Macleod discuss the gold and silver breakouts and what to expect next CLICK HERE OR ON THE IMAGE BELOW.
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