Gold is currently taking a breather after one of its largest rallies in decades. As I write this, the precious metal is consolidating around support in the $1,500-$1,520 range per ounce.
The question now is what comes next?
For that let’s turn to the long-term charts.
Gold has been forming a massive triangle pattern over the last 15 years.
The final upside target for this triangle’s breakout would be roughly $3,000 per ounce in Gold.
Does that mean Gold will hit that in the next few weeks? NO. That is simply the long-term prediction of where Gold will eventually trade.
The key for investors is to find the right plays for this, and then "buy and hold"for the maximum gains. Those who do this correctly, with carefully targeted picks, could stand to generate literal fortunes.
On that note, we just published a Special Investment Report concerning a secret back-door play on Gold that gives you access to 25 million ounces of Gold that the market is currently valuing at just $273 per ounce.
The report is titled The Gold Mountain: How to Buy Gold at $273 Per Ounce
We are giving away just 100 copies for FREE to the public.
Gold-Rigging Scandal Hits The LBMA: JPMorgan's Gold Manipulator Nowak Kicked Off LBMA Board Profile picture for user Tyler Durden by Tyler Durden Fri, 09/20/2019 - 15:32
Submitted by Ronan Manly, BullionStar.com
Just when you think it couldn't get any more embarrassing for JP Morgan's precious metals business and its embattled head, Michael Nowak, it just did today as the powerful London Bullion Market Association (LBMA) moved to oust Nowak, who has become too toxic, from the LBMA's board of directors.
According to the Financial Times:
"The London Bullion Market Association has removed Michael Nowak, JPMorgan’s head of precious metals trading, from its board after he was indicted by the US Department of Justice for a “massive, multiyear scheme” to manipulate the precious metals markets.
“In light of the ongoing investigation by the Department of Justice, the LBMA, under the terms of its Articles of Association, has removed Mr Nowak from its board,” the LBMA said.
The DoJ indictment is an embarrassment for the LBMA, which represents London’s precious metals market, and launched a code of conduct for its members in 2017.
Mr Nowak's name was no longer listed on the LBMA's website as of Friday."
Rothschild Emerges From The Shadows For The Centenary Of The London Gold Fixing - Profile picture for user Tyler Durden by Tyler Durden Thu, 09/19/2019 - 05:00 Submitted by Ronan Manly, BullionStar.com
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