Our long anticipated gold momentum rally begins

TheTechnicalTraders/Chris Vermuelen

“The next leg higher for Gold will see a price peak near $1450 before another brief sideways/stalling pattern sets up.  After that, our research suggests a rally will quickly drive Gold prices above $1550 (or much higher). As we’ve been suggesting, Silver will likely lag behind Gold by about 20+ days. We believe Silver is going to see an incredible upside price move – even bigger than Gold in percentage terms. Our belief is that Silver will be trading above $26 to $28 per ounce – almost DOUBLE the recent low price level, when Gold will be trading just above $2000 per ounce. The reason for this is the relationship between the Gold/Silver/US Dollar pricing levels – called the Gold/Silver Ratio.”

USAGOLD note:  A very optimistic forecast from a group that has made “some truly amazing precious metals calls over the past 6+ months.”

Repost from 5-15-2019
(Note update 1/24/2020: This item was posted just before the rally actually began.)

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