Gold and silver breakouts are everywhere as the metals markets continue to catch a bid. One of the greats in the business said, “We’ve waited a long time for this.”
Buy Physical Gold & Silver Now!
May 18 (King World News) – James Turk: More evidence that precious metals are resuming long-term uptrends. Gold hurdled resistance at $1850 and its downtrend line from last summer. Silver hurdled $28. Maybe this time it will stay above $28. Buy physical metal. If you need an ETF buy PHYS & PSLV.
Gold Has Broken Out!
Silver On The Move
Ole Hansen, Head of Commodity Strategy at Saxo Bank: Silver once again taking aim at $30. First it may need to check the level of support in the $28.33 to $28.20 area.
Silver Taking Aim At $30!
We’ve Waited A Long Time For This
Fred Hickey: As gold owners, we’ve waited a long time for this moment to arrive -when gold gets the attention it deserves given the most out-of-control money printing we’ve ever seen. In order for it to occur, Fed had to lose credibility and for that to happen, inflation had to get out of control.
Despite desperate Fed attempts to declare all these building inflationary pressures as “transitory” (some are, most are not), Fed’s losing control of inflation narrative (inevitable) as witnessed by polls and indexes on inflation expectations. It’s early days for this upward thrust…
To learn which company billionaire Eric Sprott bought a
$10 million stake in click here or on the image below
FOMO: Gold Breakout
Graddhy out of Sweden: Gold is breaking out from the massive blue triangle. HUGE breakout. You have to believe in the bull or you will be a victim of the wall of worry, plus you will have enormous FOMO soon.
Gold Breaking Out!
GOLD: Absolute Poetry
Graddhy out of Sweden: I just noticed that gold is breaking out right through the apex of the closing prices blue trend line and the white horizontal line marking the important 1850 level. Wow, that is just gorgeous TA, absolute poetry. Love it!
Gorgeous Gold Break Out!
Also of importance…
Eric King: “Mike, you guys are finding more gold at Eau Claire according to today’s news. How important are these results and what do they do for Eau Claire?”
Mike Timmins: “These are key holes that really open up our Snake Lake target and the potential we have been pursuing since we started drilling late last year. We are seeing high grade, a new horizon of gold, and most of the holes we have drilled and are drilling have visible gold in them which is truly a compliment to the robust grade in the system. We have a great high-grade gold deposit, however we feel there is a strong potential to double or triple the resource and these holes support that thesis.
We have outlined exciting expansion and discovery programs at our Homestake and Committee Bay Project as well. We don’t feel the market is paying attention to these projects yet as we get to drill them for the first time this summer. The news flow and catalysts of drill results is going to be exhilarating as we will have continuous results over the next few months and we plan to start drilling our high grade Homestake Gold Silver project in the Golden Triangle in BC. Of course the home run new discovery potential at Committee Bay.
So we are drilling, results are pending with visible gold in them, and I believe we are one of the few companies that have three high quality gold projects with high quality ounces, which are all being drilled this year. We offer deep value with our current valuation primarily because we have not started drilling our other projects which we plan to this summer. Our projects are all in Canada, a great geopolitical location, and we will have a minimum of two drills turning through the rest of the year.
We have spent the last 6 months preparing for this move we are seeing in gold and we are extremely well positioned to capitalize with our high grade assets and robust exploration with potential to move the discovery needle. We anticipate a constant flow of news for the rest of this year from drill results on all three gold projects, so this this will be a huge year for our shareholders.” Fury Gold Mines, symbol FURY in Canada and the US.
***To listen to James Turk discuss the key breakout numbers for gold, silver and the mining stocks as well as where the prices of gold and silver are headed long-term CLICK HERE OR ON THE IMAGE BELOW.
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