With the price of silver surging $1.22, now trading above $21 and gold breaking out, gold will now test the all-time high, new silver target, and mining stocks – you haven’t seen anything yet.
Mining Stocks – You Haven’t Seen Anything Yet
July 21 (King World News) – Fred Hickey: “For momentum investors today, precious metals mining stocks screen best. Problem: their market caps are relatively tiny. Newmont is #1 gold miner ($52B cap). There are scores of tech stocks with that size cap. Example: Atlassian has a $47B cap. Never heard of it? My point exactly.”
Gold To Test $1,921 All-Time High
Top Citi analyst Tom Fitzpatrick: Has broken to new highs in the trend and continues to look set to test the all-time high at $1,921 in the near future.
$28 Silver Is Now Possible
Continues to outperform as it heads towards major resistance at $21.14. A break of this level would suggest that a move as high as $28 is possible. The Gold/Silver ratio has broken below the 55 week MA with the 200 week MA at 82.49. This suggests that Silver will continue to outperform…
Billionaire Eric Sprott just bought a 20% stake in a mining company
to find out which one click here or on the image below
Graddhy out of Sweden: Completed my green rounded bottom. It is now above the closing prices from early July. The 1830 level is very important, and above that one there is pretty thin volume resistance so it could go to 1887-1900 pretty fast, which would be the ICH for this IC. (See below).
Expect $1,887-$1,900 Gold Price Quickly
Graddhy out of Sweden: This is what we are looking for…The next IC (Intermediate Cycle) should give us a monster move. (See below).
Expect A Monster Outperformance
From Silver vs Gold
Demand For Gold Outstripping Futures Demand
***Also Released: Demand For Gold Massively Outstripping Futures Demand CLICK HERE.
***To listen to Dr. Stephen Leeb discuss the gold and silver markets finally breaking the chains of manipulation and surging toward the coming mania as well as why the Chinese will be propelling prices higher click here or on the image below.
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