With precious metals still consolidating recent gains, is this shocker about to send the price of gold and silver soaring?

Top Citi analyst Tom Fitzpatrick:  The U.S. dollar actually posted a bearish outside week at the high of the up move 3 weeks ago.  This suggests that we could see it all the way back towards the 91.92 low posted in May…

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A break below the support area from 93.13 to 91.92 would suggest extended losses towards good support in the 88.03 – 89.62 range, with an outside chance of an even deeper move towards the 83.50 area if this was to be looked at as a downward sloping head and shoulders/double top (see chart below).

U.S. Dollar Set To Plunge?

KWN Fitzpatrick I 8:18:2016

King World News note:  If the major 88.50 level of support on the U.S. dollar fails, look out below! (see chart II)

If 88.50 Level Falls On U.S. Dollar, Look Out Below!

KWN Fitzpatrick II 8:18:2016

King World News note:  This type of plunge in the U.S. dollar would be remarkably bullish for the prices of both gold and silver as well as the accompanying shares.  It will be interesting to see how the dollar trades in the coming days and weeks and how the gold and silver markets respond.

***KWN has now released the extraordinary audio interview with Stephen Leeb discussing the gold and silver markets, what major surprises investors should expect and much more and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.

***ALSO JUST RELEASED: Is This Surprise Setting The Stage For A Massive Rally In Gold, Silver & Commodities CLICK HERE.

KWN Leeb mp3 8:14:2016

***KWN has also now released the incredible audio interview with Rick Rule, where he discusses what investors should be doing with their money and their accounts right now, the gold and silver markets and much more CLICK HERE OR ON THE IMAGE BELOW.

KWN Rule mp3 8:13:2016

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