Despite The Smash, Big Picture For Gold Points To New Highs
February 20, 2013
The following charts were put together exclusively for King World News by Kevin Wides, out of Switzerland. Once again, this is a way for all King World News readers globally to take an important step back and look at the big picture in key markets such as gold and silver. Note the minimum projected move for gold would take it to new all-time highs, despite the recent smash.
“Many investors and traders are familiar with saying, ‘The days are long but the years are short’. As of today gold bulls will identify only too well with that saying, with what feels like relentless day to day selling of gold and declining prices. It’s these times that challenge investors and speculator the most, and views need to be questioned and challenged to either affirm or change investments.
I generally prefer the big picture as there is so much noise in the day to day moves of the market, but we live and experience life in the present and the gold price action at present is testing the conviction of even the most ardent gold bulls….