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Ely Gold Royalties Inc ELYGF

Ely Gold Royalties Inc is an exploration and development stage natural resource royalty company. It is engaged in the evaluation, acquisition, exploration, development, and sale of natural resource projects and royalties. The company is currently focused on purchasing royalties and selling its gold projects, with the potential to generate royalties, in the United States and Canada. It holds an interest in Fenelon property; Isabella Pearl and Jerritt Canyon among other operations.


OTCQX:ELYGF - Post by User

Post by PetroLoonie1on Jul 27, 2020 8:20pm
254 Views
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............




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