Here is an important update on gold, silver, plus a big surprise…
Citi Global Economic Surprise Index
January 22 (King World News) – Jeroen Blokland: The Citi Global Economic Surprise Index has risen to its highest level since April 2018!
Citi Global Economic Surprise Index Hits
Highest Level Since April 2018!
Gold Pullback From $1,610+
Ole Hansen, Head of Commodity Strategy at Saxo Bank: Gold is trying to build a floor around the 2019 high at $1555/oz. In the s/t (short term) however the need for a deeper correction may be needed to breathe fresh life into the market. Focus on coronavirus and US dollar and US 10Y real yields which remains anchored close to zero.
Gold Trying To Build A Floor At $1,555
To listen to billionaire Eric Sprott discuss his prediction for skyrocketing silver
as well as his top silver pick CLICK HERE OR BELOW:
Silver’s Undercut Low
Graddy out of Sweden: We have got the undercut low down to the level I was looking for. Tagging fib (fibonacci) 50 for second time, now with positive divergence on RSI 5. The DC (Daily Cycle) is on day 29 today so we are due for a DCL(Daily Cycle Low). Thinner zone just below which usually is support in an uptrend consolidation.
SILVER: Final Stages Of Carving Out A Bottom
Records Being Shattered
ALSO RELEASED: RECORDS BEING SHATTERED: “We’ve Never Seen Anything Like This Before CLICK HERE TO READ.
***To hear James Turk discuss the gold and silver markets and more CLICK HERE OR ON THE IMAGE BELOW.
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