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GoldSeek Radio Nugget: Bill Murphy and Chris Waltzek

GOLDSEEK RADIO
By: Chris Waltzek, GoldSeek.com Radio

 -- Published: Thursday, 13 April 2017 | Print  | Disqus 

Highlights

  • Bill Murphy of GATA.org returns with upbeat commentary on the PMs sector.
  • With silver higher by approx. 15% and gold over 10% already this year, the silver market appears to be winding up for an explosive move.
  • For the technically savvy, a bullish head and shoulders pattern implies a possible run back to the $21+ peak of 2016.
  • Once silver clears the first target, $26 is the next area of resistance to overcome.
  • With US housing in an echo bubble, US stocks at lofty levels unseen since the year 2000 peak the PMs appear to present a solid valuation.

Bill Murphy of GATA.org returns with upbeat commentary on the PMs sector. With silver higher by approx. 15% and gold over 10% already this year, the silver market appears to be winding up for an explosive move. For the technically savvy, a bullish head and shoulders pattern implies a possible run back to the $21+ peak of 2016. Once silver clears the first target, $26 is the next area of resistance to overcome. With US housing in an echo bubble, US stocks at lofty levels unseen since the year 2000 peak and the end of a 30 year bond rally, the PMs appear to present the best valuation of any major asset class.


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 -- Published: Thursday, 13 April 2017 | E-Mail  | Print  | Source: GoldSeek.com

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