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Gold: “Yearly High Breakout Confirmed” — $3,000 Next?


https://creativecommons.org/licenses/by-sa/2.0/
https://creativecommons.org/licenses/by-sa/2.0/

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:

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”:

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:

“Clear breakout and backtest”…HUGE move up next?

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:

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?

Want to know how to profit from Gold TAX FREE?

Keep reading, and allow me to introduce you to my friends over at Genesis Gold.

Amazing company.

A Faith-Driven, Conservative Precious Metals Company You Can Use With Your IRA!

For the last year, central banks across the globe have (secretly and quietly) been buying up as much gold (and often silver) as they can acquire without raising alarm bells.

Now, we see why…

Gold.

Is.

On.

Fire!

Best advice you can learn in life? 👉 Never listen to what the experts are TELLING you, listen to what they are actually doing!

The recent bank runs and ongoing collapse of the U.S. banking system was anticipated by the “elites” and the central bankers who run things behind the scenes. They saw it coming and knew the best way to protect their assets was through physical precious metals.

If you’ve been waiting for me to bring you a solution about what YOU can do to protect yourself and you’re family, I’m happy to introduce you to something I absolutely love!

Precious metals.

I just talked about precious metals this week with Bo Polny and now I’m bringing you a solution that you can utilize right away if you’re so inclined…

faith-driven, conservative precious metals company is currently helping Americans tap into the rising precious metals market through self-directed IRAs backed by physical precious metals. And while this service is not unique to Genesis, their adherence to Biblical stewardship of money makes them singularly qualified to receive a sponsored recommendation from this site.

Unlike most companies offering similar services, Genesis deals only with physical precious metals. They do not offer “virtual” or “paper” gold or silver.

With Genesis and their depositories, customers can see and touch the precious metals that back their retirement accounts. When it comes time to take distributions, Genesis customers can cash in some or all of their precious metals or have them delivered to their door.

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.

Working with Genesis is the best way our readers can explore the physical precious metals market through self-directed IRAs. It benefits us as well when our readers work with this America-First company.

Visit genesiswlt.com or call 866-292-0443 today.

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:



 

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