Loading ...[This is why gold has been rallying, and this time it does not look like it will be a false dawn – instead it appears to be the start of a major breakout drive that will see gold launch out of its gigantic 7-year long base pattern by breaking out above key resistance at the $1400 level, a development that we have been anticipating all this year.]
What all this means is that silver and silver investments are probably one of the best investments on Earth right now. Silver investments have been ground into the dust in the recent past, and while gold has broken out and streaked higher over the past several days, silver only broke out of its downtrend just yesterday as we can see on its 6-month chart below, which means that yesterday has the distinction of being the very first day of a blistering massive silver bullmarket. Like to get in near to the start? – well, now’s your chance.
Want some confirmation that silver really is starting a major uptrend? – take a look at this – the chart for hyper-sensitive and manic – depressive Coeur Mines shows that it rose a useful 5.6% yesterday, but much more impressive and important was the huge volume on this move at 17.5 million. This was Smart Money falling over themselves to establish positions. The stock hasn’t even broken out the downtrend shown yet, but this is a strong sign that it’s about to and when it does a powerful uptrend is to be expected. To give you an idea just how powerful consider this – during the first half of 2016 Coeur rose 8-fold in 6 months on the back of a strong sector recovery move, but this was just a move off the bottom, the move that is starting now will involve gold and silver breaking clear out of their massive 6-year long base patterns into exceptionally powerful bullmarkets fuelled by systemic collapse and a trend towards hyperinflation as governments deal with liquidity problems the only way they know how, by printing money to throw at them to buy a little more time.
So the period ahead of us is likely to be the most exciting time in history to be a Precious Metals sector investor and it therefore won’t surprise you to learn that we will have a marked tendency to focus strongly on this sector going forward.