{"id":104,"date":"2019-06-07T17:05:04","date_gmt":"2019-06-07T17:05:04","guid":{"rendered":"https:\/\/goldsilverdesk.com\/news\/?p=104"},"modified":"2024-07-08T17:50:53","modified_gmt":"2024-07-08T17:50:53","slug":"greyerz-we-are-now-on-the-verge-of-a-historic-breakout-in-the-gold-market","status":"publish","type":"post","link":"https:\/\/goldsilverdesk.com\/news\/greyerz-we-are-now-on-the-verge-of-a-historic-breakout-in-the-gold-market\/","title":{"rendered":"Greyerz \u2013 We Are Now On The Verge Of A Historic Breakout In The Gold Market"},"content":{"rendered":"

June 7, 2019<\/p>\n\n\n

As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies told KWN that we are now on the verge of a historic breakout in the gold market.<\/strong><\/p>\n\n\n\n

An Important Day For The Gold & Silver Markets<\/strong><\/p>\n\n\n\n

June 7 (KWN<\/a>) \u2013 Egon von Greyerz:  \u201cEric, I think this is an important day for the gold and silver markets.  We saw the first test of what I call the \u2018Gold Maginot Line\u2019 \u2014 that defense line \u2014 at $1,350 gold.  In February I put out an article on KWN<\/a> about that line being significant because it goes back six years.  It was rejected off that resistance line in February. And these long-term resistance lines, you have to test them twice, maybe three times before you go through them.  But at least we have now broken that downtrend line from February both in gold and silver.  This is not the Gold Maginot Line but the downtrend from February.  Gold has broken up through that level, clearly broken through that level, for the third of fourth day for both gold and silver.  That\u2019s why I call this move significant.<\/strong><\/p>\n\n\n\n

On The Verge Of A Historic Breakout In The Gold Market<\/strong><\/p>\n\n\n\n

The Maginot Line was supposed to protect France from the Germans.  It was believed to be impregnable.  That is what the people holding the price of gold down believe \u2014 that the Gold Maginot Line is impregnable.  But just like the Germans went around to the weakest point of the Maginot Line, gold started breaking through that line in many currencies first (that are not dollar based) like Swedish kroner, British pounds, Canadian dollars, Australian dollars, etc.  So in most currencies gold has already broken through the Gold Maginot Line.<\/strong><\/p>\n\n\n\n

Now we just need a clear break through the $1,350 level. Whether we see that breakout this time or later is irrelevant.  We will break through the Gold Maginot Line.  And that breakout in the gold market will be very significant. <\/strong><\/p>\n\n\n\n

____________________________________<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

June 7, 2019 As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies told KWN that we are now on the verge of a historic breakout in the gold market. An Important Day For The Gold & Silver Markets … Continue reading “Greyerz \u2013 We Are Now On The Verge Of A Historic Breakout In The Gold Market”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-104","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nGreyerz \u2013 We Are Now On The Verge Of A Historic Breakout In The Gold Market - Gold Silver Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/goldsilverdesk.com\/news\/greyerz-we-are-now-on-the-verge-of-a-historic-breakout-in-the-gold-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greyerz \u2013 We Are Now On The Verge Of A Historic Breakout In The Gold Market\" \/>\n<meta property=\"og:description\" content=\"June 7, 2019 As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies told KWN that we are now on the verge of a historic breakout in the gold market. 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