Below are the two spectacular charts sent to KWN by David P. out of Europe, along with his brief commentary.
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 and look like this (see chart below):
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