With the price of gold and silver tumbling today, here is an extremely short, but important gold and silver update.
Gold & Silver
September 25 (King World News) – Graddhy out of Sweden: “Most bounces (b-wave) for left translated daily cycles in precious metals last for 7-10 trading days. Gold is now on 5, silver on 8. Silver got a topping candle yesterday. MACD has really not reacted on this bounce on both = probably not much follow through left in the move. If we have a normal IC decline we should hit at least fib 50%.
This Was Graddhy’s Gold Chart Prior To Today’s Breakdown, Suggesting That Gold Had Topped Graddhy Expects Pullback In Gold May Hit $1,420 Before Correction Ends
This Was Graddhy’s Silver Chart Prior To Today’s Breakdown, Suggesting That Silver Had Seen A False Breakout (FBO) Yesterday And Had Topped
Graddhy Expects Much Sharper Pullback Before Correction Ends
Remain Patient During This Decline
King World News note: If Graddhy is correct, it may be wise to let the decline fully mature in both gold and silver before adding to any positions in the mining stocks. For those of you who dollar cost average into physical gold and silver, stay disciplined and continue to make your purchases at the same time each month. Do not get cute and try to time the market.
Don’t Miss This!
KWN has now released an extremely powerful audio interview with Alasdair Macleod where he discusses how the global chaos will accelerate and why a worldwide depression may loom as well as what people need to do in order to protect themselves from the coming turmoil, which he believes will devastate most investors. You can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
Celente – Gold To Surge Well Above $2,000 Before Greatest Depression Strikes
READ THIS NEXT! Celente – The Price Of Gold Is Going To Spike Well Above $2,000 Before The Greatest Depression Strikes CLICK HERE TO READ
More articles to follow…
In the meantime, other important releases…
Gold Surges Above $1,530 As Bitcoin Breaks Down, Plus A Look At The Walmart Indicator And US Households CLICK HERE TO READ
The Price Of Gold Is About To Explode, Plus Look At Bubble Warning I & II CLICK HERE TO READ
One Of The Most Popular Things Ever Written On The Subject Of Investing CLICK HERE TO READ
MAJOR GOLD & SILVER UPDATE: Gold On The Way To $1,600, But Look At Where Silver Is Headed CLICK HERE TO READ
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