The gold market is catching fire as Greyerz says, “Gold correction finished!” Plus the mother of all bubbles and a look at gold’s breakout.
Own Gold To Bet Against These People
July 6 (King World News) – From Sven Henrich:
Greenspan: “Our ability to forecast is significantly limited”
Bernanke: “Subprime is contained”
Yellen: “Economics & monetary policy are, at best, inexact sciences”
Powell: “Inflation is transitory”
This Won’t End Well
ALERT:
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The Mother Of All Bubbles
The Daily Shot: This chart shows US household wealth as a percentage of GDP.
US Household Wealth As A % Of GDP
Gold Correction Finished
Egon von Greyerz: Minor gold correction finished. Next target $3,000 for gold has not changed. That means well over $50 for silver. The move in the metals is unstoppable as the world is flooded with worthless debt.
Gold Will Surge To $3,000 And Silver Will Top $50
Gold
Graddhy out of Sweden: As said, we have thin zones just above for both metals and miners. Do not underestimate that setup. Means we could move quickly. One of PM’s classic moves is to setup like end is near, then turn, move up, not retrace back and leave most behind. You need a solid plan here.
Gold & Miners Will See Huge Upside Move
Through “Thin Zone” (RED CIRCLE)
With surface samples as high as a staggering 300,000
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Gold
Graddhy out of Sweden: As expected, we have breakout in the making above important 1800 white line level. We need a daily close above 1800. Above 1800 is very little volume resistance so can move quickly, but we need to watch the advance in case it rolls over for a final weekly cycle decline.
Gold Breaking Out Solidly Above $1,800 Level!
***To listen to Egon von Greyerz discuss gold and major markets CLICK HERE OR ON THE IMAGE BELOW.
***To listen to this outstanding big picture discussion of the gold market and what surprises to expect in the back half of 2021 CLICK HERE OR ON THE IMAGE BELOW.
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