Gold and silver have been on a bit of a tear recently, but this is why they may be ready to surge once again.
Catalyst For Another Surge In Gold & Silver
January 9 (King World News) – Yesterday, KWN ran the brilliant work of top Citi analyst, Tom Fitzpatrick, warning that the US dollar was extremely vulnerable to a large downside move…
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We didn’t have to wait long as the dollar plunged aggressively today, with the US Dollar Index plummeting down toward the 95 level (see chart below).
US Dollar Index Plunges Immediately After Fitzpatrick Warning
KWN was highlighting the US dollar vulnerability as a catalyst that would help propel the price of gold above $1,300. Fitzpatrick expects the dollar to fall to much lower levels. On a very short-term basis, that would be extremely positive for both gold and silver. In the meantime, amidst the recent carnage, one mining company just broke out to a new 52-week high. To learn which mining company just hit a fresh one-year high and to read the press release that set off a stampede of buying in that stock CLICK HERE.
KWN has released the outstanding audio interview with Bill Fleckenstein discussing what he believes is in store for the stock market, gold, silver, bonds, China, and much more, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
ALSO RELEASED: Art Cashin, Brown & Boockvar On China Deal, January Rule, Powell And Fed Minutes CLICK HERE TO READ.
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