"We Track the Financial Collapse For You, so You'll Thrive and Profit, In Spite of It... "

Fortunes will soon be made (and saved). Subscribe for free now. Get our vital, dispatches on gold, silver and sound-money delivered to your email inbox daily.

This field is for validation purposes and should be left unchanged.

Safeguard your financial future. Get our crucial, daily updates.

"We Track the Financial Collapse For You,
so You'll Thrive and Profit, In Spite of It... "

Fortunes will soon be made (and saved). Subscribe for free now. Get our vital, dispatches on gold, silver and sound-money delivered to your email inbox daily.

This field is for validation purposes and should be left unchanged.

Today’s Chart: Gold Breakout Coming?

Sometimes it helps to zoom out a bit.

For gold (at least when priced in US dollars), the past few years’ action has seemed boring, one might even say directionless. But move the starting date back and flip the graphical relationship between metal and currency, as 321Gold’s Stewart Thompson recently did, and the picture looks a lot more dramatic:

gold breakout

Since the US took the world off the last vestiges of the gold standard in 1971, the general trend for gold priced in dollars has been up (which on the above chart is represented as downward movement). Said another way, the dollar has been falling versus gold.

That’s not a secret, of course, but note how close gold is to its multidecade channel. Peircing $2,200 would do massive technical damage to the dollar and leave gold with a lot of room to run.

Prediction: This breakthrough happens on the day the Fed retracts its recent tapering talk and promises easy money forever. Early next year, in other words.

——————————–

Silver Rounds On Sale, As Low As $3.59 Over Spot

5 thoughts on "Today’s Chart: Gold Breakout Coming?"

Leave a Reply

Your email address will not be published. Required fields are marked *


Zero Fees Gold IRA

Contact Us

Send Us Your Video Links

Send us a message.
We value your feedback,
questions and advice.



Cut through the clutter and mainstream media noise. Get free, concise dispatches on vital news, videos and opinions. Delivered to Your email inbox daily. You’ll never miss a critical story, guaranteed.

This field is for validation purposes and should be left unchanged.