Despite volatility, silver has an absolutely fantastic setup. Plus gold priced in Chinese yuan is coiled and ready to explode higher after a major upside breakout and consolidation.
Gold Performing Beautifully In Another World Currency
December 20 (King World News) – Graddhy out of Sweden: Gold priced in Yuan here is a very bullish + important chart for GOLD.
Gold Ready To Blastoff After Major Breakout Priced In Chinese Yuan
Commodities are at the core of very big global change. Do not miss the commodities bull.
Silver’s Fantastic Setup
Graddhy out of Sweden: Big picture, silver has a fantastic chart setup:
► 14-year blue symmetrical triangle
► perfect green rounded bottom touches
► false breakout done so no need to go there again
►had breakout in Nov, now most likely backtesting
A clear monthly close back below blue line would of course mean this breakout is negated.
Silver Very Close To Historic Upside Breakout!
In case you missed this interview…
Ultra High-Grade Discovery Near Fosterville!!
Eric King: “You’ve been very excited about these projects you have in Victoria, near the Fosterville Mine, and you also picked up that asset adjacent to K92’s mine. So you have this company positioned right next door to the historic Fosterville Mine in Victoria and K92’s mine in Papua New Guinea. Everybody is excited about this drilling in Papua new Guinea that is going to unfold, but Rex Motton sinks a hole, out of the blue, in Victoria, next door to Fosterville, and comes up with this ultra high-grade discovery. How soon can you sink additional drill holes into this new discovery? Also, I spoke with K92 CEO, John Lewins, who is also a Director of Great Pacific Gold, about this ultra high-grade discovery, and he is optimistic that more high-grade intercepts will be hit with additional drilling.”
Bryan Slusarchuk: “Well, it’s an amazing discovery that Rex and his team made, Eric. As you noted, we’ve been busy over the last few months getting ready for 2024 Q1 drilling in Papua New Guinea. We have amazing projects there, a 2,100 square kilometer land package, including 130 square kilometers contiguous with (bordering) K92’s mine. So we are very excited to get started there.
In the meantime, we have had these Victorian assets for some time and have been advancing them methodically on the ground. Our COO, one of the founders of the company, Rex Motton, has spent decades in Victoria, and he knows the geology of Victoria as well or better than anybody. And, Rex, based on all of this work that had been done, had a strong conviction that we had to test a project called the Comet Prospect at a precise juncture.
Based on his knowledge of that world famous Fosterville deposit, he believed that X marked that spot for the precise point that if we were going to find another Fosterville, that was where it would be located. So he sinks this drill, the final one of 2023, and on that hole it intersected an incredibly high-grade cut of gold mineralization. It looks remarkably similar to what the Fosterville discoveries looked like several years ago. So we could not be more excited. This is one of the better discovery holes that has been drilled anywhere in the world this year.”
Almost Identical To World Famous Fosterville Discovery
Eric King: “I’m looking at this old press release from the Fosterville discovery, and it’s seven meters of 159 grams per tonne of gold. You guys just hit 5 meters of 166 grams per tonne of gold, a little bit higher than Fosterville’s drill hole. So when you say there is a similarity, it’s almost identical.”
Bryan Slusarchuk: “There are so many similarities to this discovery both geologically and structurally. Rex Motton pounded the table that this was the hole that we needed to drill at Comet because it mirrored the world famous Fosterville discovery. The geology is remarkably similar to the Fosterville Mine. And he drilled a hole right into that X marks the spot, and he made an amazing discovery. The ultra-high grades will jump out at people, but for people that know the geology of that region, what will also jump out is where structurally this discovery was made, and the big implications of that. And, Eric, because we are extremely well funded, we look forward to unleashing the drills in 2024.” Great Pacific Gold, symbol GPAC in Canada and FSXLF in the US.
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