Despite today’s pullback, gold and silver are now close to major breakouts that will send prices soaring.
GOLD & SILVER
July 1 (King World News) – Egon von Greyerz: Both gold and silver showed real strength into the Q2 end. As the chart below shows, gold closed at an all-time quarterly high which is very significant. Next target is now $2,000+.
Gold is up over $400 since the 6-year Maginot line at $1,350 broke a year ago. The technical picture looks excellent too with the MACD at the bottom of the chart just starting an uptrend (see below).
Silver is about to break through the $18-21 resistance band which has held since 2013. Once through that zone, the $35 level is next on the way to $50+.
The critical point here is not whatever level gold and silver will reach but why we must hold precious metals.
During the 20 years that we have recommended investing in gold and some silver for wealth preservation purposes we have never seen a more compelling time for owning precious metals…
Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.
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Gold & Silver Breakouts
***Also Released: Gold & Silver On The Verge Of Major Breakouts CLICK HERE.
***To listen to the timely and powerful audio interview where Alasdair Macleod discusses this setup with gold being on the verge of a historic breakout that will trigger a massive short squeeze click here or on the image below.
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