Summer is Breaking Out—and so is Gold – Weekly Wrap-Up
Today marks the summer solstice: the official first day of summer and the longest day of the year. And as gold continues its breakout, it could be a long day indeed for bankers.
On this edition of the Wrap-Up, Eric Sprott gives you all the gold and silver news you need, including:
• Why top of range targets aren’t as crazy as they might seem
• How the breakout will affect the mining shares
• Plus: Why the U.S. price will catch up fast
“I love going back to the call we had three weeks ago, when I said I’d read an article that I really believed in that suggested gold would have a rally for 5-7 weeks… We’ve had three of them now! This rally started at $1275. We’re at $1400. That gentleman, Chris Vermeulen, and I’ve got to give him credit for being prescient… The first target was $1450, but he actually thought it was going to go to $1650. And I want the listeners to think about that: $1650! What would happen?”
Chris Vermeulen Comments:
We have a good pulse on the major markets and can profit during times when most others can’t which is why you should join my Wealth Trading Newsletter for index, metals, and energy trade alerts.
I can tell you that huge moves are about to start unfolding not only in metals, or stocks but globally and some of these super cycles are going to last years. These super cycles starting to take place will go into 2020 and beyond which we lay out in our new PDF guide: 2020 Cycles – The Greatest Opportunity Of Your Lifetime
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