Today we are seeing massive gold and silver breakout, but the real upside explosion will be in silver.
April 15 (King World News) – Ole Hansen, Head of Commodity Strategy at Saxo Bank: Knock knock…. Supported by softer yields and dollar, gold has finally reached and so far breached the key $1765/oz level. The next 24 hours price action will be very important for the direction from here (see chart below).
Gold Price Breaking Out On The Upside!
Billionaire and mining legend Ross Beaty, Chairman of Pan American Silver, just spoke about what he expects to see in the gold and silver markets and also shared one of his top stock picks in the mining sector CLICK HERE OR ON THE IMAGE BELOW TO HEAR BEATY’S INTERVIEW.
James Turk: Both gold and silver are moving higher this morning. Downtrends clearly broken. Maybe this is the start of their break out from 8-month trading ranges. Higher precious metal prices long overdue given the worsening inflation.
Silver Breaking Out Decisively!
Graddhy out of Sweden: My long standing quarterly chart with the purple massive cup & handle still looks as beautiful as ever. We had that 9 year bear market low back in March 2020, recharging the chart. We should see a HUGE move up next after this consolidation is over.
Multi-Decade Silver Cup & Handle Breakout Will Lead To Skyrocketing Silver Prices Above $50!
Meanwhile The Public Is Almost “All-In”
King World News note: With the precious metals getting ready to reassert their bull markets, look at what the public is betting on (see chart below).
***To listen to Dr. Stephen Leeb discuss the timing for gold taking off toward the $20,000 level CLICK HERE OR ON THE IMAGE BELOW.
***To hear Alasdair Macleod discusses extreme shortages in the silver market CLICK HERE OR ON THE IMAGE BELOW.
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