Gold futures are hitting another all-time high today trading at $2,860, but silver is finally being unleashed on the upside!
King World News will be releasing two fantastic audio interviews later today! In the meantime…
Gold
January 31 (King World News) – Graddhy out of Sweden: I have been stating that gold $3000–$3300 and silver $40-$45 is next.
Yesterday, gold futures gapped up and are now sitting just below the next breakout level $2800.
Gold Gapped Up Hitting New All-Time High $2,800+
Noted GDX breaking out two weeks ago.
Noted gold breaking out three days after GDX…
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Silver
Graddhy out of Sweden: Two days ago silver tried to break out above the blue bullish falling wedge, but came down below it again. Yesterday silver gapped above the blue line, breaking out.
MAJOR BREAKOUT:
Silver Gapped Up Into Breakout Mode
Fed’s Powell gave a masterclass yesterday in talking but saying nothing new. And with Fed meeting out of the way, the charts that were already set up for it, can now move.
Monday silver backtested $30.00 level plus fib 61.8%, and made an undercut low. Stylish. That gave it the energy to break out.
I have been stating for 11 weeks that $30.00 silver level should hold on weekly closing basis. And it has.
Been saying that the blue falling wedges will break to the upside. They now have.
Silver Catch Up
Graddhy out of Sweden: Silver is today breaking out on daily chart. $42 level should be next.
MAJOR UPSIDE MOVE BEING UNLEASHED!
Silver Climbing Rounded Bottom/Arc!
Posted this chart for years saying silver is climbing the right side of the orange rounded bottom/arc. Historical move. Do not miss!
Unleashed!
King World News note: Silver is going to smash through the $50 all-time high and eventually trade well over $100. Use any weakness in price to continue accumulating physical silver. The mining shares are also headed to all-time highs, even though it will be a ride that is full of volatility. Focus on silver and the high-quality mining and exploration shares since they are radically undervalued vs gold.
King World News will be releasing two fantastic audio interviews later today!
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