[Breaking News] Dollar Is Tanking While Gold & Silver Are Breaking Out [Video + Text Analysis]

in #gold7 years ago

This could be huge. Right now we can see both gold and silver breaking out and this is due to the US dollar is continuing to fall. The dollar is now very close to a major price zone. Lets have a look:

FireShot Capture 370 - US Dollar Index Chart I USD Index Str_ - https___www.investing.com_quotes_u.png

Comment: As you can see, we are really close to the 91 USD level and if we will fall below that level, things could escalate very rapidly and that would be extremely bullish for gold and silver. Therefore, lets take a look at the gold market:

FireShot Capture 371 - Gold Futures Ch_ - https___www.investing.com_commodities_gold-streaming-chart.png

Comment: Gold is right now up more than 1% and that is a lot for gold for one day and we are now way above the 6 year old descending monthly trendline so this is very significant.

Now, lets end this by looking at silver:

FireShot Capture 372 - Silver Futures Chart - Investing.com_ - https___www.investing.com_commodit.png

Comment: Silver is now up 1,8% and is showing some major strength. However, compared to gold, silver has not crossed the monthly trendline yet. However, when we have trend changes like this, gold is usually the one to take the lead and once the outbreak is established, silver will take over. So, I assume that this will be the case this time as well.

We need to take a close look at this development, it could be very important if you are investing in gold and silver and mining stocks.

Happy trading!

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Been holding silver for years... could not even imagine where i would be if my silver was bitcoins

You are probably not alone, but this could be a major move for precious metals. I got into both around 2015 (cryptos, gold & silver)

I will support you, God bless you, I learn english, so if I made some mistakes, then I apologize and keep it and check me out @kamranbhatti,And i will upvoted you steemian.
thank you very much

我会支持你,上帝保佑你,我学中文,所以如果我犯了一些错误,那么我道歉并保持
非常感谢你