Today a legend connected in China at the highest levels told King World News that we should expect to see $100-$200 a day spikes in the price of gold.
The Beginning Of A Much Bigger Move For Gold
January 30 (King World News) – Eric King: John, the Fed decided to pause interest rate hikes, but I don’t know if that really surprised anyone — your thoughts on what unfolded today.”
John Ing: “I’m not surprised the Fed put a halt to rate hikes. Coming in the face of the trade war together with Brexit and the geopolitical climate, raising interest rates would be crazy. So it’s really an admission of the reality of the situation the Fed faces…
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Meanwhile, the US dollar is heading lower and of course all of this is good for gold. And it is no coincidence that the price of gold has decisively pushed through the $1,300 level. For those of us who have been waiting for this breakout, this is just the beginning of a much bigger move.”
Eric King: “What do you see going forward for the gold market?”
John Ing: “$1,325 is the near-term resistance. After taking out $1,325 decisively, I see the gold market seeking a new level. The next resistance area will be the $1,375-$1450 level, but my belief is that with the gold market having decidedly turned the corner, the upward thrust caused by a weaker US dollar and higher inflation will send the price of gold to $2,200 within 18 months.”
Eric King: “When the gold market moves through $1450, will we see a quick move to $1,800?”
Expect $100-$200 A Day Spikes In Gold Price
Jonn Ing: “There is a big gap to close up there, Eric. People have to remember that gold has spent almost 5 years in the wilderness of base-building. So to see $100-$200 upside spikes should not be unexpected.” ***Also just released: GOLD BULL UNLEASHED: One Of The Greats Just Flashed This Major Alert On Gold CLICK HERE TO READ.
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