On the heels of gold trading well above the key $1,800 level and silver surging toward $19, gold’s breakout is more significant than the $1,920 high, plus a rocket launch for silver.

Standing For Delivery Of Gold
July 8 (King World News) – Alasdair Macleod: 
“Yesterday open interest in the August gold contract rose 5,709. Highly unusual with this contract expiring at the end of this month. Indicates that buyers intend to stand for delivery!”

Rocket Launch For Silver
James Turk: 
“The next key breakout to watch for is silver hurdling $19, which will be a rocket launch for silver into the $20s while gold heads into $1900+ all-time highs.”

GOLD BREAKOUT: More Significant Than $1,920 High
Tarek Saab, futures trader: 
“I have always viewed this $1800 price level in gold as more significant than the $1910 blowoff top 2011. $1800 was the multi-month, triple tested resistance level that precipitated the 6-yr base. If it holds, the breakout above this level is secular and very bullish imo. (See chart below).

If $1,800+ Gold Holds, Breakout
“Is Secular And Very Bullish.”

Pay Attention To The Fine Print
Lawrence McDonald, Former Head of Macro Strategy at Société Générale
:  “The Fed has caused the inflation of both stocks and gold – higher asset prices for sure. So, if you price stocks to gold – the Fed’s ($3T of balance sheet expansion) effect on the stock market more than disappears. Foreign investors are listening.


LOOKING TO GOLD: Record Inflows To Gold-Backed ETFs
*In the first half of 2020, Gold-backed ETFs closed with a record of $40B of net inflows. 

Paper U.S. Dollar Assets
U.S. Treasuries: $15T U.S.
Corporate Bonds: $11T U.S. 
Big Tech Stocks: $7T U.S. 
Municipal Bonds: $4T 

*New wealth looking for a hedge, in hard assets…

Silver Blastoff
Silver, 5, 4, 3, 2, 1, …. (see chart below).

Major Silver Breakout To Trigger Silver Blastoff!

In case you missed it…

Capitalizing On The Gold & Silver Bull
Eric King:  “Ivan, as you know I purchased over 7 figures of your company’s stock because I believe in you and I believe in your team and the amazing projects you have been able to acquire ahead of the major bull run in gold, silver and copper. How well positioned is Auryn to take advantage of this bull market?”

Ivan Bebek:  “Eric, we have raised and spent over $100 million in the past 4 years. And for clarity, the money was not spent waiting for the bull market to start, it was spent preparing for this bull market. We have acquired some of the largest scale Gold, Silver, and Copper discovery opportunities in the world. Auryn now has three major tier-one scale projects in its portfolio, and we anticipate aggressively drilling them over the next 12 months. So we have remarkable blue sky for investors.”

Eric King:  “Ivan, you’ve been very public about your intention to spinoff Auryn into 3 companies, each representing major opportunities in all key bull market metals — Gold, Silver, and Copper.”

Auryn May Split Into 3 Monster Gold, Silver & Copper Swings
Ivan Bebek:  “I have been very public with the idea that we may split our company or spin it into three shares for investors, one for each commodity of focus – a benchmark for this decision timing has been market conditions, specifically metal prices. We also believe we now have the people in place to run the new companies and our objective is to achieve this within the next few months.”

Eric King:  “What will drive value in Auryn over the next 6-12 months for shareholders?”

Large Scale High-Quality Targets
Ivan Bebek:  “Outside of the split into 3 companies, there will be lots of news in both Canada and Peru. As of June 22nd, we resumed exploration in Peru under new Covid guidelines, and we expect more large scale high-quality targets to be added to the already existing drill plans. And in Canada at our Committee Bay project, after a recent a targeting breakthrough, we will soon see how it applies across the entire 300km long gold belt.

The bottom line, Eric, is this will be an incredible 12 months for Auryn Shareholders as we start to capitalize and unlock value on the major opportunities we have created for our shareholders.” Auryn Resources, symbol AUG in Canada and on the New York Stock Exchange.

***Also Released: NEW GOLD & SILVER TARGETS JUST ISSUED! Gold Just Had A Major Breakout As Silver Surges Higher Out Of Consolidation CLICK HERE.

***To listen to one of the most important interview of 2020 click here or on the image below.

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