Jim Willie: Breakout! Silver Has Begun HISTORIC Run-Up

• Jim Willie: Breakout! Silver Has Begun HISTORIC Run-Up
  by Jim Willie, Golden Jackass, via http://www.silverdoctors.com/  
  The spot prices scream loud. The Silver breakout will be one to behold in the history books. Silver has broken the shackles of the vile banker cabal. Silver has begun its historic run-up. Silver will capture the world’s attention. The equivalent of the 1980 Hunt Brothers breakout in today’s terms would be $200 per oz. The fundamentals for Silver look better than almost every commodity on earth. Silver has declared independence from the control rooms and their paper gimmicks. The Silver imbalance is monstrous.
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  Gold has broken the gates down with the British Exit vote, pushing its price over the tough stubborn $1300 resistance line. In the following days it has been adding to its gains.But Silver has emerged amidst the political smoke and deceptive din to ride hard through the gate. Silver is on a rampage, and has begun to make the news headlines. Silver has chosen July Fourth as the day to declare INDEPENDENCE from fiat paper money. Silver will be part of the new monetary system and trade payment system. The Jackass has advocated that Silver be 80% of investment portfolio, with Gold at 20%. The silver proof will be easy to see.
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  MASSIVE BREAKOUT AT THE 18 LINE
  The initial breakout occurred with Gold surpassing the $1300 resistance mark after the British Exit vote in favor of leaving the European Union. It is increasingly recognized as a fascist dictatorship. The second thrust was with Silver surpassing its $18 resistance mark a few days later, when the big contract holders stood for delivery at the COMEX, a giant crime center. The range between 19.0 and 22.5 might not hold for very long. Do not expect much resistance at the 22-23 level, not given the current crisis circumstances. Plenty of washed out positions occurred in late 2013 and the several early months of 2014, which is a long time ago. The Cup & Handle reversal pattern is plain as day, with an 18 top and a 13 bottom, thus a 5-point potential upon breakout. The target at 23 will be easily reached, not in weeks but rather in days. It might take several days or a couple weeks to reach. The stochastic cycle indicator is powerfully positive. Sentiment is exceedingly strong. The monetary crisis is in full bore. Central bankers are viewed as the problem, not the source of solution. The true solution is the newly imposed Gold Standard, in which Silver will participate in a monetary role. The bigger Cup & Handle reversal pattern shows a 35 neckline. With the same 13 bottom, the indicated potential is 22 points, which produces a target of Silver $57 price. It could happen next year, or possibly sooner. Any announcement on international USDollar contract conversion into Gold terms could produce a massive non-linear upward dislocation in price, for both Gold and Silver.
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