If you’ve noticed over the years when we start covering a story aggressively it’s because we’re usually right.
Sometimes we’re early, but we’re usually right on the money.
No, I’m not a financial advisor and I’m definitely not YOUR financial advisor, but I am a reporter and I report what I see and what I see the experts saying.
The real experts, not the talking heads on TV designed to get you distracted.
And what I’m seeing right now is for the first time in 40 years, Gold is set to move.
Financial experts compare this type of situation to a rubber band…the longer the rubber band is stretched the bigger the reaction when it’s finally released.
And this rubber band has been stretched (artificially?) for 40 years.
It looks like this on a chart:
$Gold weekly line chart shows a breakout and backtest of its handle. If we can get a continuation with a weekly close above its ATH around $2,035, another major milestone will have been achieved. pic.twitter.com/Ne2ELk83g8
— DowGoldEquals1 (@DowGoldEquals1) April 7, 2023
I’m not an expert, but they call that the “Cup and Handle” formation and it’s one of the most powerful chart formations especially when it appears on long, yearly time frames.
Others are saying “breakout confirmed”:
Gold yearly high breakout confirmed pic.twitter.com/j51xFL5GzB
— Adrian Zduńczyk, CMT (@crypto_birb) April 4, 2023
Many reports say what comes next after $2,000 in fairly short order is a blast up to $3,000.
That’s Patrick’s “non-greedy” target:
Gold now SOLIDLY above 1900$ semestrial defined breakout line.
— Patrick Karim (@badcharts1) April 7, 2023
“Clear breakout and backtest”…HUGE move up next?
#Gold – On the weekly chart it's a clear breakout & backtest. A HUGE move up remains possible as long as we remain above the $1920 level. Monthly confirmation is needed along with gold/spx ratio moving above 0.5 #silver #preciousmetals #SPX pic.twitter.com/trfUs29NwB
— Northstar (@NorthstarCharts) April 3, 2023
Here is my friend Chris Greene from AMTV confirming he sees $3,000 next at a MINIMUM:
Seeing stuff like this all over the place:
The last time I was bullish on Gold was in 1993 when I loaded up on gold stocks just before they doubled in a few months. A few weeks ago, I told our members that it looks like institutional "smart" money is moving into gold. Today's big breakout suggests the same.
Pic: news… pic.twitter.com/Lzl4TlbQpd
— Mark Minervini (@markminervini) April 4, 2023
Even CNBC is covering it:
Safe-haven gold touched its highest in one year on Wednesday as recent U.S. economic data fanned fears of a slowdown and spurred bets the Federal Reserve may ease up on hiking.
Spot gold was little changed at $2,019.99 per ounce after rising to its highest since March 2022 at $2,031.89 earlier. U.S. gold futures traded flat at $2,036.40.
Gold raced past the key $2,000 level on Tuesday after a sharp drop in U.S. job openings in February, adding on to gains from earlier this week after an OPEC-led spike in oil triggered worries of another run higher in inflation.
Gold could sustain gains above the $2,000 level as economic worries grow, analysts said.
UBS forecasts gold prices to surpass their all-time high and reach $2,200 by the end of March 2024.
Softer-than-expected growth in private payrolls in March also exacerbated worries over the economic toll from the Fed’s rapid rate hikes. Bullion found additional support from a subdued dollar overall, and a retreat in U.S. yields.
“That downbeat economic data we got yesterday put a little risk aversion back into the marketplace and that’s beneficial for safe-haven gold,” said Jim Wyckoff, senior analyst at Kitco Metals.
So…my only question to you is: are you prepared?
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Central bankers aren’t slowing down. In fact, nations like China and even U.S. states like Tennessee are quickly but quietly buying up gold to back their own treasuries. When the writing on the wall is this clear, it’s understandable why these governments are moving quickly to get ahead of any potential economic catastrophes in store.
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Don’t wait too long, we might have more bank failures right around the corner.
You know what has NEVER “failed”?
Gold. Precious metals. Indestructible.
There’s a reason they call it “God’s money”.
Watch this for more: