Submitted by John Lee:
Three months ago on August 8, 2016, I wrote an article titled: “Gold to Thrive in a Fiat Ponzi with Negative Yield” in
which, I presented the following charts and said “Why would you want to
own yen or euros with negative yield, when you can own gold? – the real
money. As an added bonus, there is no quantitative easing (QE) with
gold…
It took gold
approximately 7 months to advance $250 and overcome major resistance at
$1,300/oz from a bottom of $1,050. A reasonable target could be
$1,550/oz ($1,300 + $250) by March 2017 – 7 months from now. Silver could follow a similar pattern with a near-term target of $26/oz.”
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