This is the chart all silver bulls must see plus another big surprise.
Disbelief Is What We Want To See
August 2 (King World News) – Graddhy out of Sweden: The present disbelief against the new commodities bull is what we want to see. A long time into the bull we want to see investors deny, be stubborn, be blind and unable to read charts. The longer that goes on, the more fuel to the fire we get, and the longer and higher the bull goes.
My long standing, big picture weekly chart for GDXJ is still looking grand. Third and final backtest to my blue trend line now. We now also have a blue gorgeous bull flag, which in itself is a backtest pattern to the huge 7 year base. The bull could not be more alive.
FOLLOW THE GREEN LINE:
GDXJ (Junior Gold Miner ETF) Ready For Major Surge
That is what I call a “rounded bottom kickdown”, see text in green. I noticed many years ago that in a large base/rounded bottom, there is always a final strong move down in order to gather energy before it starts climbing the right side of the rounded bottom.
Precious Metals Bull Market
The precious metals bull market is very much very alive. We have just experienced a rough, drawn out consolidation, nothing more. This was not the first one and it will not be the last one. The big picture is as bullish as it can be, and more so than any other sector I would say.
To find out which silver company just made a major acquisition that will
quadruple their production click here or on the image below
Silver
Edward Gofsky: Silver. Patiently stalking a breakout over $30.35 which will trigger a impulsive {Wave 3} advance with the target being the 2011 $49.82 highs. Once we break that level it will trigger the 40 year {C&H} setup long.
Monthly Silver Chart Shows (Portion Of) Massive Cup & Handle Formation
Solid Break Above $30 Will Trigger $50 Target
Above $50 Will Trigger Massive Multi-Decade Cup & Handle Blastoff!
Also of importance…
Dramatically Increasing Silver Production!
Arturo Prestamo: “We continue to make significant progress at the Zimapan Mine with production increasing. This morning’s announcement of Q3 production of 800,000 oz of silver equivalent was in line with our expectations and goal of 4.5 million oz silver production for the year.
Big Silver Mine Acquisition From Peñoles
Since acquiring the asset from Peñoles, we are making transformational changes including increasing overall productivity, and gearing up for exploration at Lomo del Toro, where we expect both higher grades and throughput. We strongly believe the market has yet to digest the importance of this exploration on our future production and cash flow profile. We look forward to delivering strong numbers in the quarters to come.” Santa Cruz Silver, symbol SCZ in Canada and SZSMF in the US.
***ALSO JUST RELEASED: Celente Just Issued An Alarming Prediction For People Living In Major Cities CLICK HERE.
***ALSO JUST RELEASED: Greyerz – WARNING: We Are Now Headed For A Catastrophic Global Crack-Up Boom CLICK HERE.
***To listen to the top trends forecaster discuss what surprises to expect in the back of 2021 CLICK HERE OR ON THE IMAGE BELOW.
***To listen to Alasdair Macleod discuss where the gold and silver markets are headed and what the bullion banks are up to CLICK HERE OR ON THE IMAGE BELOW.
© 2021 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.
