As we kickoff trading in the month of July, here is a look at gold, silver, sentiment, and the highest level in 26 years!
Do Not Be A Victim Of Sentiment
July 1 (King World News) – Graddhy out of Sweden: “It is important to make use of sentiment, not be a victim of it. It is more important to get your emotions and behaviour in order, than it is to endlessly refine your written down trading strategy (which you should have one). Continuous improvement is vital, but prioritize wisely.”
Gold – World’s Only Sound Financial Foundation
Egon von Greyerz: “Physical gold is insurance against a financial system already on fire. We knew it was a “safe asset” long before Basel III made it officially tier-1.”…
Billionaire Eric Sprott just bought a 20% stake in a mining company
to find out which one click here or on the image below
Silver
Ole Hansen, Head of Commodity Strategy at Saxo Bank: Silver is taking another look above $26.30 (see chart below).
Silver Looking To Break Out?
Yes, Silver Is Looking To Break Out…
Otavio Costa: It’s the end of the quarter again and silver remains well consolidated at key resistance. Keep in mind: Seasonally, 3rd quarters tend to be great times to hold precious metals. My hunch is that once it breaks out, it will rapidly chase its prior highs. (See chart below).
MAJOR BREAKOUT AND UPSIDE ACCELERATION?
Silver Threatening To Break Above Quarterly Sloping Downtrend
Finally…
And finally: Gold and silver stocks are on track to report six straight profitable quarters for the first time in history. The median free-cash-flow yield is at its highest level in 26 years. (See chart below).
Gold & Silver Miners Median Free Cash Flow
Highest Level In 26 Years!
Also released: More “Transitory Inflation,” Extreme Levels, Great Timing And Doing God’s Work CLICK HERE.
Also released: Gerald Celente Issues Surprising Trend Alert CLICK HERE.
Also released: Inflation, Commodities, Housing, And Silver CLICK HERE.
Also released: Gold & Basel III’s Trillion Dollar Question CLICK HERE.
Also released: Behaving Like An Ass Indicator Flashing Again, Plus Most Bullish Macro Set Up For Gold & Silver In Over 50 Years CLICK HERE.
To listen to the most informative interview about Basel 3 and how it will impact the gold market going forward CLICK HERE OR ON THE IMAGE BELOW.
To listen to Alasdair Macleod discuss what investors should expect to see next week after Basel III implementation CLICK HERE OR ON THE IMAGE BELOW.
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