OTCQX:ELYGF - Post by User
Post by
PetroLoonie1on Jul 27, 2020 8:20pm
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Post# 31327807
Silver Just Crashed Through $25
Silver Just Crashed Through $25Article by Chris Vermeulen who now has a upside target for silver of $28 and $32.50 beyond that. He called the present rally on May 29. Gold is heading to $2000.
https://www.kitco.com/commentaries/2020-07-27/Precious-metals-fire-warning-shot-across-the-bow-part-II.html?utm_campaign=While+in+is+not+the+best+of+time+for+some%2C+it+is+the+worst+of+times+for+many&utm_content=Kitco+News%3A+Daily+Recap&utm_medium=email&utm_source=kitco SILVER WEEKLY CHART
"Our next upside price targets in Silver are near $28 (a full 24%+ higher than current price levels).
These measured price moves act as a stair-step process for the price to consolidate/base, begin a moderate upside move, peak, then repeat the process all over again.
Beyond the $28 price target level, the next measured move target is $32.50.
If Silver reaches the $28 or $32.50 level, you can assume fear is very present in the global markets and Gold should already be trading above $2100 (or higher).
The combination of Gold and Silver moving higher in unison should be a very clear warning that global traders don't trust the current valuation levels of the global stock markets."
Appears to be no stopping this train............