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Gold/Mining/Energy : Chesapeake Gold -- Ignore unavailable to you. Want to Upgrade?

To: Gib Bogle who wrote (8463)	7/26/2020 3:43:29 PM
From: klinker	Read Replies (1) \| Respond to of 9054

The Gold & Silver Markets Are Setting Up For Violent Moves Higher July 25 ( King World News) – Top Citi analyst Tom Fitzpatrick: The other 2 major bull markets in Gold were: 1976-1980 (when it multiplied in value by about 8.5 times as we came out of the worst recession post War only to see inflation surge as growth returned) and 2001-2011 when it multiplied in value by about 7.5 times as we saw the NASDAQ bubble burst, 911, a housing bubble, the Great Financial crisis and huge monetary and fiscal stimulus. This Crisis And $4,000-$8,000 Gold This time we have a crisis, the largest fiscal and monetary stimulus in the history of mankind and a fed that has told you it will have no intention of “reining things in” as the economy improves, even if inflation starts to rise.As a consequence we see no reason why this bull market cannot be as strong as those prior 2 averaging a multiple of 8 times over an average of 7 years. Translating that to the $1,046 low in 2015 would come up with a number north of $8,000 possibly in as little as the next 2-3 years. Even if that sounds aggressive, a move similar to what we saw in 2009-2011 would suggest close to $4,000. Closer to home a break to new highs would suggest an extended move initially towards $2,400 (trend line off the 1980 and 2011 highs). Silver: Back To $50 kingworldnews.com