We are seeing massive volume on gold’s upside breakout and mining stocks are surging 4%, but look at this silver surprise.
Big Volume Day For Gold & Silver
October 13 (King World News) – Graddhy out of Sweden: The volume for gold and silver is absolutely massive so far today…
To find out which silver company just made a major acquisition that will
quadruple their production click here or on the image below
Gold & Silver Surging Despite US Dollar
Graddhy out of Sweden: Note that precious metals sector is moving the last 1-2 weeks with US dollar holding or moving slightly higher. That is precious metals showing the expected strength here.
Gold’s Cycle Low In Place
Graddhy out of Sweden: Have been saying for 5-6 weeks or so that Aug 9th looks pretty good as a major (weekly cycle) low so far. I have also said that day 36 looks good as a daily cycle low. Last week’s attempt to break above my 1767 level was rejected. Today’s attempt has massive volume.
Day 36 Marked Low For Gold
Massive Upside Breakout Today!
Graddhy out of Sweden: It is clear that silver is acting perfectly so far at this big low. It made a textbook undercut low below Sept 2020 $21.81 wick low, plus has held blue line like a charm. Needs to close clearly above red line + 10 day moving average to be in the clear.
Silver Has Just Broken Above $23.17
Red Dotted Resistance Line
GDX Mining Stock Index
Graddhy out of Sweden: Today GDX gapped above yellow trend line.
GDX Gapping Above Yellow Downtrend Line!
Junior Mining Stocks On The Move
Otavio Costa: Junior miners continue to look strong and outperforming precious metals. These are all important signs of a bottoming process.
Junior Miners Outperforming An Important Sign
Of A Major Bottom For Gold & Silver
Alasdair Macleod: Looks like the Establishment is losing the gold price battle…
Bad Day For The Short Gold Crowd
No Relief From Inflation
Peter Boockvar: I’ve been writing about rising inflation pressures for about 1 ½ yrs now and unfortunately I don’t see any relief anytime soon.
Just Announced $110 Million Silver Acquisition!
SantaCruz to acquire Glencore’s producing silver mines in Bolivia for $110 million creating a new significant Latin American based silver producer!
Arturo Prestamo Elizondo, Executive Chairman of Santacruz: “This is a transformational acquisition that creates a leading mid-tier silver producer in the Americas. The transaction represents a unique opportunity to significantly enhance our portfolio of operations — it is highly accretive on all key metrics and the transaction structure allows the company to finance the majority of the acquisition via the cash flow generated by these assets.” Mr. Prestamo continues: “Santacruz shareholders will participate in a larger, more diverse silver producer with strong production growth and enhanced cash flow profile. We look forward to operating in Bolivia and partnering with COMIBOL to generate value for all stakeholders.” SantaCruz Silver, symbol SCZ in Canada and SZSMF in the US.
***ALSO JUST RELEASED: 1970s REDUX: Expect High Inflation For Years To Come, Monetary Tightening Is Now Global, Historic Moves CLICK HERE.
***ALSO JUST RELEASED: Where Did All That Gold Go? Financial Radicalization, Shortages And Outages, Plus Look At What Just Hit The Highest Level Since 1974! CLICK HERE.
***To listen to why the gold and silver bull markets are about to reassert themselves as well as why you should expect to continue to see massive inflation in the coming years CLICK HERE OR ON THE IMAGE BELOW.
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