Gold is back but here is what you need to watch right now.
Gold Is Back…
October 29 (King World News) – Ole Hansen, Head of Commodity Strategy at Saxo Bank: “Gold is back on the defensive as it struggles to put up a fight against SPX and NDX at record highs and US 10-yr yields continued grind higher, last at 1.85%. Friday’s false breakout also weighing on the price (see below).
Gold Is Back On The Defensive As It Struggles vs S&P & Nasdaq At All-Time Highs
Keeping A Close Eye On Gold
Graddhy out of Sweden: “I do not like those reversal candles on gold and silver this Friday. And as I’ve said before, Full Stochastic here is nowhere near where it was during the last ICLs (Intermediate Cycle Lows). The option with one more DC (Daily Cycle) is still alive. (See below).
Possibility We Could See An Intermediate Cycle Low Before Next Leg Higher In The Gold Market
To listen to billionaire Eric Sprott discuss his prediction for skyrocketing silver
as well as his top silver pick CLICK HERE OR BELOW:
For those that missed it…
Bonanza Grade Silver Samples Everywhere
Eric King: “Your company has just released incredibly exciting results showing that you may have uncovered a massive silver discovery.”
Ivan Bebek: “We have stumbled upon a monster silver target with over 50 samples averaging above 200 grams of silver in a 4.5 square kilometer area. So this project has now reported jaw-dropping samples of up to 14 kilo silver and 23 grams per tonne of gold in one of the most prolific mining belts in the world.
As a company we are now going to be viewed as pulling off a ‘hat trick’ with a potential tier one gold discovery, a tier one copper discovery and we have now have a shot at a tier one silver discovery, with all three located in the Americas.
Our Curibaya project came together after 4 years of working and patiently waiting two key land acquisitions, which has some the most impressive abundance of silver on surface that we have seen in our careers – we are talking about several multi-hundred gram to multi-kilo silver samples over a large footprint. This is an indicator of what could be a monster silver deposit and the grades are truly world class. For shareholders in Auryn it’s the most exciting early days of uncovering this massive potential silver deposit.
It’s also exciting to have multiple tier one swings in our company as we head into one of the greatest bull markets in history that we believe will take place in gold, silver, and copper.
A Tier One Copper Swing
We are also on the cusp of making a world class copper gold discovery at our Sombrero project where we are on the verge of receiving our first ever drill permits for that massive project. This project has received tremendous attention from all of the largest mining companies in the world, and that includes the behemoths. This project may become one of the largest copper discoveries on the planet in the past two decades, and this has investors extremely excited.
The ‘Hat Trick’ – Gold
We had a massive surge in our share price on Friday when investors saw the latest drill results and realized we are now on the verge of hitting massive high-grade gold targets at Committee Bay.
The Perfect Trifecta
2019 has been defined by identifying all three tier one discovery opportunities, and 2020 will be defined by drilling them. So we are about to unleash the perfect trifecta of tier one discovery opportunities into a historic bull market.” Auryn Resources, symbol AUG in the US and Canada. To read today’s exciting press release CLICK HERE.
***KWN has now released Michael Oliver’s remarkable KWN audio interview and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
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