On the heels of the US dollar tumbling, we are seeing major breakout for gold and silver today as gold has surged $50 and silver is now trading above $25.
November 5 (King World News) – Ole Hansen, Head of Commodity Strategy at Saxo Bank: …I highlighted silver as it was challenging the recent Gold/Silver trend (chart). Now broken Silver may see some additional outperformance with $25.25/oz being the next target.
VERY BULLISH FOR METALS:
Gold/Silver Ratio Breaks Down
Silver Now Set To Outperform Gold
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Ole Hansen, Head of Commodity Strategy at Saxo Bank: Today’s US dollar slump has seen Gold return to challenge resistance at $1930/oz. Primarily a dollar driven rally with XAUEUR trading almost flat and with no signals from the bond market.
Gold Has Broken Above $1,930 Resistance
Below, Now Trading at $1,940!
Alasdair Macleod: The signals from gold, silver and bitcoin are of accelerated monetary inflation. FOMC meeting today will likely conclude that political stalemate means fiscal stimulus cannot be relied on, so more monetary stimulus will be required. No wonder gold, silver and bitcoin all up.
Gold has broken out…
Major Gold Breakout Today!
HIS GREATEST INTERVIEW EVER: Sean Boyd predicts $3,000 gold and shares with KWN listeners around the world the big game-changer in the gold market in his greatest interview ever. To listen CLICK HERE OR ON THE IMAGE BELOW.
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