Today gold and silver are pulling back after a massive surge, but here is the good news.
Silver Taking A Breather At Good Resistance Levels
July 28 (King World News) – Top Citi analyst Tom Fitzpatrick: Silver accelerated higher after the bullish weekly close last week above $21.14-$21.34. The speed of the move sent it to the next strong resistance area at $26.18-$26.49 (The break down area in April 2013) in little more than one trading day.
Silver Bounces Off $26 Resistance, Remains Bullish.
After Consolidation Look For $28, Then $50
Those levels have so far held and we have seen a sharp correction in recent hours…
Billionaire Eric Sprott just bought a 20% stake in a mining company
to find out which one click here or on the image below
Overall the underlying bullish view remains intact with an interim $28 target and possibly as high as the $50 area over time. For now a period of consolidation/correction would not be surprising after such an impulsive move.
Legend Pierre Lassonde gave an an incredibly powerful interview to King World News discussing where the gold market, gold industry, and mining stocks are headed, and what he had to say will surprise a lot of people around the world. To find out why legend Pierre Lassonde says the upside on gold is unlimited and much more click here or on the image below.
Gold & Silver Melt-Up
***ALSO JUST RELEASED: Gold & Silver Melt-Up Continues In Asian Trading: Gold Surges Another $32 Closes In On $2,000, Silver Hits $26 CLICK HERE.
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