This week there has been talk about the reversal of gold and silver, plus a spike in gold. Scroll on to read more…
Gold to spike $3,000-$4,000
It’s a given that gold will be an important part of a new global currency. So these stakes are extremely high. And when the real run in gold comes it’s going to be spectacular. It’s not going to stop at $2,200 this time.
It will probably go to $3,000 or $4,000. It may back off a bit after that but I’ve always said gold is headed for at least $20,000…
Shortage of silver
The rumour mill is grinding on about the lack of physical silver. The result is that demands from customers for physical delivery appear to be increasing, if anecdotal reports are correct…
Is the gold and silver reversal finally here?
When the market does a trend reversal, it is vital to also change the mindset. One can not trade a bull with a bearish mindset. If you constantly doubt the bull, you will not be able to change mindset. You have to believe in the bull or you end up being a victim of the wall of worry.
I’m taking today’s break above the 2-month downtrend line as a signal that the trend is changing & higher prices can be expected for both precious metals. Buy/own physical metal.
This content was originally published here.