Unique Situation

Gold : Gee looks like the King of Metals or Real Money for the Kings has a mind of its own. Against opinions from some Market Experts, Gold has shown its glitter. It is getting brighter with each passing day. On that score, it appears to be targeting $500 per ounce. It is not the intention of this article to predict each move. Technicians should be aware that we follow the market and let it tell you where it is going … I believe that the formation is telling us that it is headed to the “moon.” Why ??? Gold has been periodically building cup and handle formations in its climb. Looks like the $500 and the all time historical high may also qualify as lips/neck-line of this type of formation. If this is so and I believe it to be, please do your own due diligence and check pass records to determine the result of this type of foundational formation. You will find the results of your search quite refreshing & reassuring … It should show it going to the “moon.” The odds are extremely high. Bottoming after 21 years is a bonus. Some experts and I am not one of them call it a chance of a life time … truly a “Unique Sityation.” You may like to check the much talked about Tech Stocks and see if it matches.

Silver : Briefly broke the $6.80 support and quickly left the faint hearted behind. It has regained its 200 day M.A. support and is poised to follow Gold’s ascent. History shows Silver to be slow of the block. It plays catch up pretty fast when trending and proceeds at its own pace. Maybe a characteristic of a Prince as Silver is Real Money for the Prince … more spirited and wild being younger in my opinion. Strangely Silver also bottomed after 21 years … coincidence or a ” Unique Situation ” … you decide.

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