This chart says gold’s target price is a jaw-dropping $48,000.
October 28 (King World News) – Graddhy out of Sweden: I have been stating that not taking this simple chart seriously would be the biggest financial mistake of your life.
Shared this chart for the 1st time 3-4 years ago at black line backtest, saying it was most probably a blue bullish rising wedge. At $2610, said it was breaking out. It was.
KING WORLD NEWS NOTE: This Chart Says Gold Target Is $48,000
Oil Bull Market Will Be Huge
Graddhy out of Sweden: Been saying for years that we will see at least $250-$300 oil during this bull.
I have been stating that orange backtest for oil will most probably hold.
It still is.
Oil is shaping up here. The red bullish falling wedge now looks good.
KING WORLD NEWS NOTE: Graddhy Targets $250-$300 For Oil Bull Market
Get ready for the 2nd inflationary phase to start soon. For the PM miners, the metal prices should outpace oil.
This commodities bull market is the best opportunity you will have in life to get out of the rat race.
When that 2nd pink head & shoulders broke down I understood that blue head & shoulders probably was going to play out. And it very much did.
Pullback In Miners Will Be Short Lived
Graddhy out of Sweden: Could see a continued pullback here in miners. But, do not lose sight of the very big picture. Gold miners are bottoming very big picture vs gold. Means gold miners will outperform gold long term. The ratio now has a breakout above that small purple line, and this means that the next phase in the miners´ bull is soon starting.
That is a 9-year base => “the bigger the base, the higher in space”.
KING WORLD NEWS NOTE: XAU Is Coiled To Skyrocket vs Gold!
Huge gains last few years, which will continue big picture.
Tavi Costa On The Gold & Silver Volatility
To listen to Tavi Costa discuss exactly where we are after the recent pullback in gold, silver and mining stocks and what to expect going forward CLICK HERE OR ON THE IMAGE BELOW.
To listen to Alasdair Macleod discuss this week’s trading in gold and silver as well as what to expect next week CLICK HERE OR ON THE IMAGE BELOW.
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