Will The Coming Week Be Golden?
Will The Coming Week Be Golden? by Rory for The Daily Coin
Will we see another breakout this coming week in gold? If history is any indication we should see a strong move over the coming few days.
As we stated last week we see new floors being built for both gold and silver. It’s good possibility we will see golds new floor of $1,550 put in this week. We also believe silver is going to lay in a new floor at $18.50. We do understand the banking cabal is always circling and always up to no good but we feel the traders and buyers will have the upper hand over the coming week.
There are a number of factors to support this idea, as we stated, we is one of the stronger reasons, but the ongoing Federal Reserve monetary issues, trade war, Middle East and an inept body of so-called “representatives” in Washington DC make for more than enough reason to support higher gold and silver in the coming week.
As was reported in 2016 regarding what has just happened and how the golden pump is currently primed…
There’s no reason… there’s not even a propaganda meme of why [gold has been dumped]… there isn’t even a such thing as negative news for precious metals anymore…
The fact is, [like the last few years, when prices collapsed], China is closed for the week. Source
We believe there will be a similar climb in gold this coming week as we saw in 2018 – somewhere close to $50+. The banking cabal have seen very strong weeks over the past 2-3 months where gold has risen by 3%+ over the course of a 5 day period. With that as a backdrop I believe we will see a very, very strong ahead.
Will we see later today as China comes back to the market after having a week off. If history is any indication we should see everything stabilize over the course of the next 24 hours and then we should see some upside movement that leads directly into more upside movement. We would love to see a sharp move on Wednesday evening (Tuesday morning) as has been the case for each of the past 6 years. To see a 3%+ move to the upside over the next 48 hours would be a strong signal of a repeat. Without such a move could be an indication of weakness or the banking cabal is looking disrupt the pattern we all see. This coming week, however it plays out, should be a very interesting week for gold and silver. We would suggest keeping a close eye on the charts, especially in the early part of the week which should give a very good indication of what Wednesday – Friday will be like. Buckle up!