Today James Turk told King World News gold is now on the verge of a major breakout that will send the price spiking to $1,900.

Within hours KWN will be releasing an audio interview. Until then…

The Last Major Hurdle For Gold
July 17 (
King World News)
James Turk:
  Everything is looking really good for the precious metals, Eric. 
The fundamental factors driving gold higher have been well publicized, and they are starting to impact the dollar, which is weak and in a severe downtrend. That’s an important point.

Gold this year and last already hit record highs vs most global fiat currencies. The US dollar is the last major hurdle to fall.

1970s-Style Gold & Silver Bull Market
Once gold finally climbs above $1910 to a new record high, we can expect a 1970s-type bull market in gold and particularly silver. Owning silver back then would be like owning Tesla today. Silver just kept going higher.

It’s never a straight-line of course, but silver soared over ten years from its $1.20 starting point to that $50 peak in 1980. Silver hit that $50 level in 2011, and I am expecting silver to hit $50 again soon.

Silver has been leading gold of late, with the gold/silver ratio falling back to 92 ounces of silver equalling one ounce of gold. The ratio was 30 in 2011, and we can assume that level will be reached – and probably broken to an even lower ratio – in this bull market.

$1,900 In A Heartbeat
The gold chart is particularly telling at the moment. I use the nearest futures contract these days because the Comex spot contract, like the Comex spreads, are contrived. They are artificial, and do not truly represent a market price.

The big head-and-shoulders pattern remains valid because gold tested and never broke below the neckline at $1680, which has proven to be major support. Therefore this pattern’s upside target remains intact, which is $1900. It is only a chip-shot away, and could be reached any day now. But we can see from this chart that the anti-gold forces have lined up at $1820, so that is the key level to watch. Once $1820 is hurdled, we will see $1900 in a heartbeat. (See below).

Expect $1,900 Gold Quickly If Price Hurdles $1,820

One Last And Very Important Point
There is one last point I would like to make, Eric. The demand for physical metal is huge. Imagine what it will be like once $1900 is taken out. 
Then let’s add a banking crisis to that mix. The rush for the safety offered by physical gold and physical silver will be unprecedented, and I use that word purposefully.

The ratio of fiat currency to physical precious metals has never been this high. In other words, there is a lot of wealth that is going to be moved out of fiat currency into gold and silver in the weeks and months ahead.

Billionaire Eric Sprott Buying
To find out which company billionaire Eric Sprott just bought a 12% stake in click here.

Also of importance…

Big News
Eric King:  “John, this news of the $22.5 million strategic finance that your company just released is game-changer. How important is this partnership and what does it mean for your company going forward?”

John Awde:  “Eric, the news that was just released is huge for Gold Standard. It’s a real validation in terms of where the company is with our asset. And more importantly, if we decide to go down the path of building this mine we have a strong financial partner that is very capable of funding capex to build this mine. And they are looking for a substantial return on their investment. Orion did extensive due diligence and we think this is a phenomenal partnership and a major de-risking event for the company.”

Newmont Block Has Been Placed
Eric King:  “John, Newmont has already filed and let everyone know that they just sold that block of stock. That’s been a big overhang on shares of GSV. With that out of the way, how exciting is this for your company going forward? Because it took a long time to get this Newmont block placed.”

John Awde:  “Eric, along with the partnership with Orion, the sale of the Newmont block is a massive de-risking event and game-changer for the company.  And one that, yes, we had been working on it for a long time. I think it’s a huge catalyst for the company and one that will allow us to play significant catch up with our peer group in terms of a meaningful revaluation of the company’s share price to much higher levels.”

Eric King:  “With this Newmont block sold, what’s in store for your company the rest of the year? Because as you said, you have a lot of catching up to do with your peers, so there is a lot of potential upside in your stock?”

Setting The Stage For A Vertical Move In The Stock
John Awde:
  “Right now we are getting very close to converting another 500,000-600,000 ounces of gold from inferred to the measured and indicated category, and we have a number of exciting exploration targets that will lead us to the next major gold discovery and really open up this district. We believe we will have a mine that’s 10-12 years of 150,000 ounces annual production, with very robust economics and low all-in sustaining costs, in arguably the best jurisdiction in the world. And as we open up the project and make other discoveries, that’s another thing we believe will get our share price to move vertical.” Gold Standard Ventures, symbol GSV in the US and Canada.

Within hours KWN will be releasing an audio interview. Until then…

Gold, Standing For Delivery, Seeking Shelter From Storm
***Also Released: Investors Seeking Shelter From The Storm, GOLD: Standing For Delivery? Plus Debt Bomb And Another Record CLICK HERE.

© 2020 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the articles is permitted and encouraged.