GREG MANNARINO: SILVER AT THE EDGE OF A MASSIVE BREAKOUT
FEBRUARY 7, 2013
In his latest market update, Greg Mannarino states that silver is at the edge of a massive breakout, and that the metal remains the most undervalued asset in the history of the world- but not for long.
Mannarino states that we are standing at the precipice of a major upwards move in silver, and that the Fed will soon step in and increase the rate of quantitative easing and expand the scope of QE4, unleashing a flood of new counterfeited currency into the economy.
Mannarino examines the cup and handle on silver’s weekly chart, and believes silver will run to $38 nearly immediately once silver’s current consolidation near $31.80 is able to take out $32 to the upside.