According to Investors Intelligence, here is the key to a turnaround in gold and silver!
Today Investors Intelligence issued an important note about gold, silver and the mining stocks: The Precious Metals Bullish % rallied 4.55% on Wednesday, reversing the P&F chart direction back to the upside for the first time since September. …
To find out which company Doug Casey, Rick Rule and Sprott Asset Management are pounding
the table on that already has a staggering 18.1 million ounces of gold that just added another
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gold opportunities in the world – CLICK HERE OR BELOW:
Investors Intelligence continues: The chart has pulled out of oversold and has a new status of Bull-alert. Investors should be looking to buy upside reassertion candidates (see chart below).
The PHLX Gold & Silver Index develops a bullish P&F breakout signal at 89 with a price objective of 102 and a stop loss at 83 (see chart below).
King World News note: Despite the post-Fed meeting intervention to suppress the gold, silver and mining share markets, when Investors Intelligence states, “Investors should be looking to buy upside reassertion candidates,” what they mean is that investors should be purchasing high-quality investments in the gold and silver sector. This includes top-tier mining stocks and associated gold and silver ETFs. Although the Philadelphia Gold & Silver (mining share) Index (XAU) closed below the key level of 89 after an intra-day surge above 92, it is still very close to the breakout noted by Investors Intelligence. It will be interesting to see if the sector picks up momentum in the coming days and weeks as that will trigger additional money flows into the sector.
***KWN has now released the remarkable audio interview with Nomi Prins CLICK HERE OR ON THE IMAGE BELOW.
***ALSO RELEASED: With Gold Hitting $1,300, Look At Who Is Bullish CLICK HERE.
***KWN has also released Rick Rule’s timely audio interview CLICK HERE OR ON THE IMAGE BELOW.
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