https://www.thegoldandoilguy.com/wp-content/uploads/2019/09/51.png 470 850 admin http://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.png admin2019-09-03 13:57:572019-09-03 13:57:57Global market Chaos means Precious Metals will Continue to Rise
Reading the new today of the riots and protests in Hong Kong as well as the military action between Iran and Israel suggests to us that the metals markets are poised for a very big run this week and possibly much further into the future. This type of Chaos creates a level of uncertainty in the global markets that will prompt a massive surge in the precious metals markets as traders and investors continue to pour into precious metals as a means to hedge against fear and weakness in the global markets. At this point, we believe a move in Gold could easily target $1640 or higher and Silver could target just under $21 over the next 5 to 10 days. This type of move would represent a +7 to 10% rally in Gold and a +10 to 20% rally in Silver. Pay attention to how the ES, NQ, and YM react to trading as markets open on Sunday and Monday evening as well as the news events related to these issues. Any escalation of tensions and fighting between parties throughout the world will likely shed shock waves throughout the global economy as well as prompt a contraction in price levels. We attempted to warn all of our followers that the August 19th breakdown super-cycle event would likely present a massive potential for a price correction to the downside. These super-cycle events operate on a much broader scale and scope than most people realize. A delay of 20 to 30 days for an event to begin is equal to a span of 10 seconds in the larger scope and perspective of these bigger events. Pay attention as this move really begins to play out over the next 25+ days.