Going all-in on gold; Peter Grandich makes the case to ‘back up the truck’ now (Pt. 2/2)


Watch part 1 of this interview: https://youtu.be/wCgbOADbjoY

The gold price is headed back to $2,000 an ounce once it breaches key resistance levels, said Peter Grandich, founder of Peter Grandich & Company.

“The most beautiful technical chart I’ve ever seen on any market was shown. There’s a wonderful cup and handle formation now on gold going back 10 years and it coincided with an absolute all-time bottom in relative strength, which suggests to me that nobody was bullish, market was extremely oversold, and the greatest technical pattern you could ever have was a cup and handle formation,” Grandich told David Lin, anchor for Kitco News.

0:00 – Backing up the truck for gold
4:12 – Uranium
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

For more breaking news, visit http://www.kitco.com/

Follow us on social media:
Facebook – https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter – https://twitter.com/kitconewsnow
StockTwits – https://stocktwits.com/kitconews

Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/

Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html

Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/

Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.

Buy Silver and You Will Undoubtedly Be Able to Keep Your Investments Going

There is a long list of investors out there who have traditionally invested their hard-earned money in the stock market and mutual funds. This most likely leads to bankruptcy if not affected by ongoing economic crisis.

Silver – Per Ounce Costs High in the Market These Days

Have you ever thought of how much the price of silver per ounce is in the past? How about its price in the future? You’ll be surprised to know how silver per ounce prices are doing in the market once you do so.

KB Gold Offers the First Secure Gold Savings Plan

Imagine your savings…literally in the palm of your hands. Not only that, but imagine it being in GOLD! Well, imagine no more! KB Edellmetalle AG Switzerland or KB Gold, the 16-year old financial institution, has made public the world’s sole “gold-backed” savings plan, where you can invest your money…in GOLD!

1 Oz Silver Bars – A Super Affordable Way To Invest In Silver

Investing in silver is definitely on the rise and smart investors are adding 1 oz silver bars to their portfolio. A smaller sized silver bullion bar is a super affordable way for anyone to diversify their portfolio to include tangible precious metals, an investment choice highly recommended by leading financial advisors.

What You Need to Know About Under-Karating in Gold and Silver

It seems like more and more people are buying scrap gold and silver leading to scrap buyers paying a higher percentage as the competition increases. This is great for the person selling the item and I think it is good because I have always taught my students to pay a fair price. It is the only way you get referrals and repeat business.

Sunshine Silver Bars – A Reliable Secure Way To Add Silver To Your Portfolio

Sunshine Minting is one of the most respected private mints in the United States and Sunshine silver bars are a popular investment choice because Sunshine guarantees the weight and purity of every bar it produces. They present a reliable and secure way to add silver to your portfolio as you follow a wise strategy of diversification.

An Investment in US Coins: A Look at the Many Available Choices

Some inexperienced investors are under the impression that it takes a small fortune to buy gold or other precious metals, so they end up staying away from the commodity in favor of far riskier propositions such as stocks, bonds, or mutual funds. This article sheds some light on some of the many US coins that are affordable enough for even the most modest budgets.

2006 Silver Eagles – What Makes These Silver Coins Worth Collecting?

Mention the 2006 Silver Eagle coin to a dedicated coin collector and their eyes sparkle with excitement! These lovely, rare coins have been highly sought after since they were first minted. So, what makes the 2006 Silver Eagles worth collecting?

10 Mistakes to Avoid When Buying Gold

Buying gold has long been touted as a terrific way to diversify investment portfolios and protect against downturns in global currency values and financial markets. At first glance, the process seems simple enough, but newcomers are prone to making critical mistakes that can lead to big monetary losses. This article highlights some of the most common mistakes to avoid.

Rate of Silver and Its Fluctuations

The price of silver was showing tremendous increase at the end of 2010, with a high of 70% in just four months. As a result, investors worldwide are bullish with expectation that the rate of silver will reach new highs during 2011 and 2012…

You May Also Like