On the heels of the metals heading higher after the Fed decision to raise interest rates, silver is coiled for a major upside move, now breaking out!
Silver Coiled For Major Breakout, US Dollar & Oil
June 14 (King World News) – This is from Andrew Adams at Raymond James: Oil at Interesting Spot – Crude oil remains comfortably below its highs of a few weeks ago and is struggling a bit to clear a couple of former support levels that now act as resistance (red lines). If WTI can’t climb back above $67 here in the near term and get back over those resistance lines, it could mean we see another attempt lower under the June lows.
Crude Oil Hitting Resistance
U.S. Dollar Index Behaving Normally – Naturally, the U.S. dollar is being watched closely during all the global trade and tariff talk. Technically, though, it’s behaving in a fairly predictable fashion, with the 95 zone causing some resistance as expected. 93 continues to look like the likeliest near-term support area, so the 93-95 range may end up being a battleground in the near term. As we have written, however, the path of least resistance looks to have flipped back to the upside.
Path Of Least Resistance For The US Dollar
Watch Silver Here – While gold does not appear to be doing much right now, that other precious metal, silver, is close to breaking out to the upside of a large consolidation pattern and is worth watching. The metal has mostly coiled tighter and tighter over the last two years and could be poised for a big move once it decides on a direction.
Silver Breaking Out! Coiled For Big Upside Move!
Regarding Silver & Gold…
In The Footsteps Of Giants
One of the top questions KWN receives from investors about the mining industry is always: “How do you know out of the thousands of companies there are to choose from which will take-off and which ones will falter?” The answer for smart money investors is always to look for proven leaders with previous success as a good indicator of future success. One individual that fits this description is pictured below with multi-billionaire Robert Friedland.
Multi-billionaire Robert Friedland chose this man to lead his exploration team and it turned out to be a brilliant move because he was responsible for two of the largest and most important discoveries the world has ever seen while leading the team at Ivanhoe Mines. Investors across the globe are now following this man into his latest venture where he will help lead an exploration team where the CEO believes the team will deliver drill results that will send the stock price soaring more than 1,000 percent! Also, a legend in the business just made a 7-figure investment into this relatively unknown company. To get in on the ground floor and learn more about this remarkable company simply CLICK HERE.
KWN has now released the powerful audio interview with London whistleblower and metals trader Andrew Maguire and you can listen to it immediately by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Multi-Billionaire Hugo Salinas Price Just Predicted This Will Be Catastrophic For Humanity CLICK HERE.
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