two prcious metal charts/technical charts I doubled up on this information so as to get by the advertisement blocks.
The reaction to the events back then was a record high gold price. And one has to be anticipating higher gold and silver prices this time around as well. That's what their price charts are also telling us. The last time we spoke, Eric, I had a gold price chart showing the head-and-shoulders base that is still being built. The base will be confirmed by gold closing above $1415 (see chart below).
The outlook for silver is also bullish. This chart shows a huge multi-year accumulation pattern called a cup-and-handle. The handle is now being formed. The top portion of both sides of the cup are at $50 on silver. A break above that level will begin a massive move higher in the price of silver, and that’s when silver’s bull market will really get underway (see chart below).
I think this long-term chart puts the potential for silver into its proper perspective
The reaction to the events back then was a record high gold price. And one has to be anticipating higher gold and silver prices this time around as well. That's what their price charts are also telling us. The last time we spoke, Eric, I had a gold price chart showing the head-and-shoulders base that is still being built. The base will be confirmed by gold closing above $1415 (see chart below).
The outlook for silver is also bullish. This chart shows a huge multi-year accumulation pattern called a cup-and-handle. The handle is now being formed. The top portion of both sides of the cup are at $50 on silver. A break above that level will begin a massive move higher in the price of silver, and that’s when silver’s bull market will really get underway (see chart below).
I think this long-term chart puts the potential for silver into its proper perspective