Gold futures have just broken above the $2,300 level and silver is now $26.30, but you haven’t seen anything yet.

Gold & Silver
April 2 (King World News) – Graddhy out of Sweden:  Very big picture there is a massive divergence between GOLD & SILVER. Last time the two had a larger divergence like this, silver played catch-up big time. And this time, silver will break out of a 43-year+ cup and handle. So the over-shoot this time should be absolutely mega.

Silver (RED) Is About To Have A Massive Upside Move vs Gold (ORANGE)

A Reminder Of The Big Picture
Graddhy out of Sweden:  GOLD broke out 12 weeks ago. 

Many are now waking up to that fact.

And now, the gold vs USD chart below is also breaking out, as said it would. This is very important for the precious metals bull. Means that it is time for another long period when gold outperforms USD. Also, this is just another piece of the puzzle which shows that the secular bull market in gold has resumed.

Gold Has Decisively Broken Out Of 13 Year Triangle

The inverse correlation gold vs US dollar can be strong shorter term, but longer term it is not an issue.

This chart fits well with that US dollar most probably has topped.

Time for gold to outperform.

Gold Priced In US Dollars Set To Explode Higher
Look At Last Upside Breakout (Middle Of Chart)

Also of importance…

Ultra-High Grade Gold Discovery Continues To Mirror Fosterville!
Bryan Slusarchuk:  The ultra-high grade discovery we made at Comet, just south of Agnico’s Fosterville Mine is the same age of rock as Fosterville, same mineralogy as Fosterville, same geology as Fosterville, and then extremely important to note; the same type of structural setting as Fosterville. So the discovery was made where the western dipping faults intersect the anticline. It’s really textbook Fosterville. The discovery was extremely high-grade. It was right around 8 meters at 106 grams per tonne. And the really high-grade core of the discovery ran 5 meters at 166 grams per tonne gold. And within that there were some intervals that ran 400+ grams per tonne gold.

After that extremely high-grade discovery we got a diamond drill rig onto the site, and we’ve already drilled a few more holes. What we have now seen post the initial discovery is not only do we have same age of rock as Fosterville, same mineralogy as Fosterville, same geology as Fosterville, same structural setting as Fosterville, but the diamond drilling has confirmed the gold rich quartz veined fault zone is extending to depth and laterally, and the high-grade mineralization remains open in all directions. This is also similar to what occurred at Fosterville.

Mirroring Fosterville In Virtually Every Detail!
But as we wait for the results from our second diamond drill hole, what we saw in that second hole was stacked zones of mineralization. This is again very similar to what you see at Fosterville. So post the initial discovery we knew that we were in the same structural setting, same age of rock, same geology, same mineralogy, same eye-popping ultra-high grades, but now after these first few diamond drill holes we now know the deposit is mirroring Fosterville in virtually every detail in the early stages.

In fact, that second hole was designed to terminate at approximately 150 meters, but we ended up pushing the hole in excess of 250 meters because we kept seeing these stacked zones. What this second hole shows us is the potential for big scope, big scale, big size with extremely high-grade gold as we wait with excitement for further drill assay results. And even though it is early days, everything is lining up with these Fosterville like characteristics, which means we may very well be dealing with a historic discovery — a second Fosterville. Great Pacific Gold Corp, symbol GPAC in Canada and FSXLF in the US.

JUST RELEASED!
Michael Oliver on gold hitting all-time highs and why silver is set to explode higher along with the mining stocks CLICK HERE OR ON THE IMAGE BELOW.

To listen to Alasdair Macleod discuss gold hitting new highs and what surprises are in store for next week CLICK HERE OR ON THE IMAGE BELOW.

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