Today KWN is putting out a special piece which features two spectacular gold charts that show that despite the recent drop, gold is coiled to break $2,000 and silver to soar above $70 as the bear market in the metals comes to an end. These are charts that the big banks follow closely, as well as big money and savvy professionals. David P. out of Europe sent us the two key charts that all KWN readers around the world need to see.
As we close in on the final bottom in the gold and silver markets, the more important the following information becomes. I have already discussed what happened to prices the last time they where as oversold as they are today. And since we are very close to a major bottom, today an update is due. Here is a look at how prices should move after a bottom is in place, based on the historic moves in gold and silver….
Back in 1982 gold rallied a staggering 70% in just 3 months. If gold were to repeat a move similar to that of 1982, the spike would take the price of gold over $2,000.
This is the kind of move that would destroy the gold bears, which is probably a part of the plan. First, the weak hands have been shaken out of the market, and then the gold price surges higher. Only the hardcore gold bugs would enjoy such a move. From the perspective of those who control the price, this logic makes perfect sense.
If history repeats, silver would do something much more extreme — a 314% move in 8 months, which would take the price of silver above $70.
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