Gold Could Jump To $1,900-$2,100 In Next 30 days - Here's Why
TODAY might be a very special day for the Precious Metals Sector since Inflation Information is due to be released to the public. There has been so much government money that has been distributed to the people of the USA that the odds are that the inflation numbers will be very high- maybe even off the charts high, in tomorrow's release. For the past two years at this juncture, the Precious Metals Sector has risen sharply in response to the similar release, and the probability of a similar ramp up for the Precious Metals Sector is a real possibility.
The Precious Metals charts currently appear poised for a sharp rise in Gold, Silver, and the PM Stocks for the next month if high inflation is apparent in the news release, and we expect the inflation numbers that are released to be off the charts. If things play out that way, tomorrow, Silver might take off on a run as high as $34 to $37 over the next 30 days. Gold has more overhead resistance on the chart, but there is little resistance up to the $1,900 area on Gold's chart- so big inflation numbers might see Gold bust up through that red downtrend line pretty easily, also.
Silver has lagged Gold to some extent, but it may well be time for Silver to start to play catch-up. Such a move higher would also turn on the engines for many of the little explorer class Precious Metals Stocks- both Gold and Silver- to bust a move on the upside that will continue on for some time. The leverage in the Gold and Silver explorer class stocks as a whole should start to show the kinds of returns that they are capable of without the need for any artificial leverage.
There are no guarantees in life, but cycles like the ones we are talking about and showing in the charts that are attached, are simply manifestations of prior price movements that have been illustrated via past price relationships. This time around things are somewhat different due to the vast number of US Dollars that have been printed and provided to the people. Those Dollars cannot realistically be removed from system without creating a deflationary collapse so they will just keep on coming- building up PM pricing rises that will fuel Silver and Gold, higher and higher.
There is only one way to really protect yourself from all of that Dollar Printing- Buy Gold, and Silver, and the companies that produce both- or that own Gold and Silver in the ground!
Disclosure: Please understand that the above is just the opinion of a small fish in a large sea. None of the above is intended as investment advice, but merely an opinion of the potential of what might be. Simply put: The above is a matter of opinion and is not intended as investment advice. Information and analysis above are derived from sources and utilizing methods believed reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Comments within the text should not be construed as specific recommendations to buy or sell securities. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities. Do your own due diligence regarding personal investment decisions. In the interest of full disclosure, GOLDRUNNER is personally invested in the Precious Metals sector including various Precious Metals and other individual stocks. GOLDRUNNER reserves the right to modify or eliminate any or all positions at any point in time.