With continued uncertainty across the globe, if this unfolds it will be wildly bullish for gold.
If This Unfolds It Will Be Wildly Gold Bullish
November 18 (King World News) – Top Citi analyst Tom Fitzpatrick: The path on the USD-index remains very similar to that seen during the last bull cycle and turn (see chart below).
US Dollar Bear Market May See Dollar
Index Collapse From 92.5 To 65!
It is now firmly below all the important support levels including the 55 month MA (96.03) with a wide gap to the 200 month MA at 86.88 with good horizontal support at 88.25 (2018 low). The monthly close below this range solidifies the bearish view and open up the way for extended medium term losses.
US Dollar Monthly Close Below 92.47
Will Trigger Bearish Outside Month
Best in 40 Years…
John Awde: Eric, we just discovered a new high-grade oxide zone at Pinion. We announced those results last week. Some of the highlights were 77 meters at 2.3 grams per tonne gold. Within that there was 38 meters of 4.5 grams of gold. This is all oxide and this is all new. And with regards to the results at Pinion, it was 3-4 times higher than what we had seen in the resource estimate. So that new zone is going to be material and very impactful for Pinion.
Massive Intercept At Dark Star
And this morning we announced drill results from Dark Star highlighted by 231 meters of 2.66 grams of gold. This is very high-grade and extremely robust. The announcement this morning proves that Dark Star is the gift that keeps on giving. That 231 meter result was a truly spectacular intercept.
Best In 40 Years
By the way, Eric, the results we just announced at Pinion were the best ever in the history of Pinion and it was discovered almost 40 years ago. We feel the best is yet to come at Pinion given these intercepts. And we have extended the mineralization at Dark Star 60 meters to the east, and I’m pleased to report that these were intercepts that were right at surface. We believe these results at both Dark Star and Pinion prove there is a lot more gold to be found, so stay tuned. Gold Standard Ventures, symbol GSV in Canada and the US.
Also Just Released This Morning!
Alasdair Macleod – Bitcoin, Gold And The End Of Fiat Currencies CLICK HERE.
To listen to Egon von Greyerz discuss the shortages in the silver market and much more CLICK HERE OR ON THE IMAGE BELOW.
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