It appears tomorrow’s Fed Meeting should ignite the price of gold higher.
Taking You To The Edge
September 21 (King World News) – Graddhy out of Sweden: As said many times, precious metals and platinum group metals will often take you to the edge, beyond the edge, and back. Right now you are beyond the edge. Then it is important to have roadmap guidance in order to not lose one’s senses…
Billionaire Eric Sprott bought a 20% stake in a mining company
to find out which one click here or on the image below
Graddhy out of Sweden: Gold, Silver, GDX, SILJ, GDXJ have swing lows today. A swing low is made when price moves above the candle that marks the low; yesterday was low for present bottom and it has moved above yesterday’s candle today. A swing low is first parameter we want to see to get a confirmed cycle low.
Gold’s Swing Low
Graddhy out of Sweden: Here is yet one more leading major miner mega backtest. As I have said for months, these mega backtests should not be over-looked.
Another Miner Mega Backtest
Graddhy out of Sweden: It broke blue line to downside but that was not a surprise as it was late in daily cycle, and with that low on energy. Today we have movement with US dollar moving as expected. The number of days on average from daily low to daily low for Gold fits well with low this Fed week.
THIS HAS HAPPENED BEFORE:
Gold’s Major Low Comes On Fed Week
Fed Meeting May Ignite Gold Price Higher
Fred Hickey: “Managed Money (hedge funds) net long gold futures contract positions are down 70% from 2 years ago. Few U.S. institutions believed they needed gold’s protection in their portfolios. As Westerners sold, gold was lapped up by Eastern buyers. Western investors may have to reconsider.”
Also of importance…
A Very Big Story
Eric King: “Michael, your company has become a very big story. What is happening that is so special?”
First Time In Modern History
Michael Konnert: “I think the reason the story is so exciting is that we’ve consolidated, for the first time in modern history, this massive silver district. And we’ve drilled some of the highest grade silver in the last decade in the Napoleon Zone. But what really excites me about what we have here is that it lights up with electro magnetic so we have a way to target the highest grade areas of the vein. We are going to fly the entire property toward the end of the year and I suspect we are going to find many, many more high-grade veins across the district.
High-Grade Silver Growth Potential Is Staggering
We have operating permitted production infrastructure, a 500 tonne per day mill, we have tailings, and we have power. For the market cap of Vizsla, if you look at where we can go with the resource that we’re going to be putting out, how rapidly we can move from that resource into production, that is an extremely powerful dynamic for significant upside in our share price from current levels. And when you look at similar companies that have been in our position have achieved — high-grade silver, pathway to production, multi-billion dollar market caps — you see what’s possible here. The district we have is very large. This isn’t a few thousand hectares of land, this is an entire district that spans for 14 kilometers. It fits over the island of Manhattan. So the propensity for this district to grow is massive and we just keep on finding more high-grade mineralization. Vizsla Silver Corp, symbol VZLA in Canada and VIZSF in the US.
***To listen to the timely audio interview about the gold and silver smash and more CLICK HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Multi-Billionaire Hugo Salinas Price – London And New York Rig The Gold & Silver Markets, But There Is A Big Surprise CLICK HERE.
***ALSO JUST RELEASED: Contagion Fears Begin To Engulf Global Markets – Gold Will Move To Center Stage CLICK HERE.
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