Ely Gold Royalties Inc ELYGF

Silver Just Crashed Through $25

[PetroLoonie1]

Article 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............

[theman0]

BS!  This clown was talking very negative about gold and silver only a few weeks ago on Silver Doctors. He is hoping everyone forgot. 

[jimbojim]

And let's not forget that ELY holds a nice royalty on BlackRock Gold which just hit some fantastic silver levels on their Tonopah property in Nevada.

[theman0]

Still trading like a dog. Gold goes up, ELY goes down. Gold goes down, ELY goes down. What a beautiful trend.