While the world is focused on trade wars and potential war, a major silver breakout has the silver shorts in danger of getting crushed!
Silver Shorts In Serious Trouble!
April 18 (King World News) – As you can see from the chart below, the massive speculative silver shorts are in serious trouble!
Massive Speculative Silver Shorts In Serious Trouble As Breakout Unfolds!
CHART I: Gold/Silver Ratio Breaking Down
CHART II: Rounded Bottom Bullish For PM Sector
CHART III: Silver Experiencing Major Breakout!
CHART IV: US Dollar Chart Bearish
Also of importance…
With the silver market surging and gold trading above $1,350, the following charts were sent to KWN from top Citi analyst Tom Fitzpatrick…
NEW KEITH NEUMEYER INTERVIEW:
Keith Neumeyer just spoke with KWN about $8,000 & $10,000 price targets for gold and much more, to listen immediately CLICK HERE OR ON THE IMAGE BELOW.
Top Citi analyst Tom Fitzpatrick: “It is still early days, but a weekly close above 695-703 would look to signal renewed gains here. (see chart below of Arca Gold Miners Index).
Gold Miners May Be Set Up For A Big Surge!
Pivotal levels on the Gold chart are not far away. Pattern looking very much like an inverted head and shoulders with a neckline at $1,362 and the 2016 high at $1,375 (see chart below).
Gold Price Targeting $1,700!
A weekly close if seen through these levels would target as high as $1,700 which should by definition support the prior chart.”
For those of you that are accumulating physical silver, the COT is extremely bullish for silver at this time. As has KWN has been repeatedly warning, if you hold off on purchases, the odds are the silver price will be higher in the coming weeks, not lower, so it may be wise to buy physical silver now.
***Also Just Released PREPARE: Shocks To The Global Financial System Are Coming…Look At This CLICK HERE.
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