The recent breakout in the gold market targets $1,850 and beyond. Here is a look at the roadmap.
$1850 Gold Target And Beyond
February 6 (King World News) – Below is an excellent chart showing the massive inverted head & shoulders pattern in the gold market.
Gold’s Massive Inverse Head & Shoulders Pattern Targets $1,850
Massive Volume Ahead Of Major Gold Breakout
If you look at the chart above, after gold surges to the $1,850 target area, if a brief pullback and consolidation were to take place it would complete the end of a very large cup and handle pattern (see purple cup on chart). A breakout from that area above the roughly $1,850 zone would then send the price of gold to new all-time highs. The author of this chart correctly notes the massive buildup of volume in the gold market ahead of the coming breakout…
To listen to Doug Casey’s just-released KWN interview discussing his prediction of financial and economic chaos and a panic into gold CLICK HERE OR BELOW:
The last time the price of gold was trading near $1,850, the HUI (Gold Mining Index) was at 600. Today the HUI is at 168. So a surge to the 600 level would be a 357% increase from current levels. Meaning, the high-quality mining stocks will massively outperform the upcoming move in the gold market.
***Also just released: MAJOR ALERT: Celente – China’s “Go Out And Spend Money” Campaign, Gold Demand To Dramatically Increase CLICK HERE TO READ.
***KWN has released the powerful audio interview with Gerald Celente and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
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