This chart should have you on the edge of your seat!
The next move for #gold and #silver has been building up for over 12 years.
Get your popcorn ready!
#Gold and #Silver breakout VERY CLOSE now...
observations:
12 year breakout line
MASSIVE volume defined support
weakness, but price still above 7 year moving average
breakout above 7 year moving average
Sprott Physical #Gold & #Silver Trust
Key notes:
1) Still ranging below CRITICAL breakout lines
2) But above 4 year moving average, cloud support and massive volume defined base
3) There is NO fear of missing out right now
4) The eventual breakout will be powerful
#fintwit
I own a long term position in CEF of 10% which I plan to add to. Looking for CEF to pullback in a possible scenario where equities sell off hard over the next month and a new high in the VIX. If CEF sells off along with equities in that scenario, that will be an extremely bullish setup for CEF and I plan to at least double my CEF position.
Lining up current...
The first and most important step in preparing for what is to come in financial markets is to get physical precious metals. Some gold, lots of silver(both in your actual posession) and a very large position in CEF. The Sprott Physical Gold & Silver Trust is the best way to put large amounts of fiat dollars to work in the form of actual gold & silver bullion. At...
I believe today is THE BOTTOM for gold and silver! Even if I am wrong, the Best, lowest risk way to have exposure is by buying CEF. This is the old Central Fund of Canada, now the Sprott Gold & Silver Bullion Trust. They own 50% each in physical gold & silver BULLION. It closed yesterday at a 3.47% discount to net asset value. This is for your safe, bank account...
The case for being all in on gold and silver is so compelling at this time that I have some additional strategy to offer. If you take normal risks and buy stocks I have been clear about buying a number of gold and silver mining stocks especially CDE. I have also said to buy physical metal especially silver. Well, for those who are either loaded up to the gills, or...
To me it looks like the precious metals may have some more work to do to the down side in the medium term (12/18 months?)
The overall trend is still up (blue line)
All three recommended precious metal stocks have bottomed and showing upside leadership. CEF,NEM,GPL are ready to rip. The metals are just starting to turn and are now ready to rip.
As predicted we are about to see the upward explosion in Silver & Gold. Silver is on verge of breaking thru 18. We had a small pullback and are ready to explode higher. Even though the metals and miners are overbought, ALL pullbacks need to be BOUGHT! The bull market is in full force. Buy CEF.
The final last great entry point for CEF. Last chance below 12.50. Closed today @12.34 an 8% discount to NAV! Gold & Silver ready to explode upward from here. New all time highs later this year for CEF. BUY!
