August 15, will mark the 50th Anniversary of when the US stopped pretending #Dollars were worth their weight in #Gold.

In a few weeks, August 15, we’ll be hitting the 50th Anniversary of when the US—and thus, the rest of the world— stopped pretending that #Dollars were worth their weight in #Gold. Its effects have since been felt across the board, as #USD’s Purchasing Power has steadily declined https://t.co/5K9pw2hXfx

— MasterMetals (@MasterMetals) July 23, 2021

In a few weeks, August 15, we’ll be hitting the 50th Anniversary of when the US—and thus, the rest of the world— stopped pretending that #Dollars were worth their weight in #Gold. Its effects have since been felt across the board, as #USD’s Purchasing Power has steadily declined…

MasterMetals Tweets: In a few weeks, August 15, we’ll be hitting the 50...:

#Gold - #GoldenCross at hand?

The daily chart of the gold futures shows the 50-day moving average (blue line) crossing the 200-day moving average (red line).

This is called a golden cross. The golden cross is a technical chart pattern indicating the potential for a major rally.

The MACD (lower chart) is very oversold and crossing the red line. This supports higher prices. The Relative Strength (RSI) (upper chart) is also pointing higher.

There's a feeling that the gold price is currently being held back by silver prices, as the July silver futures contract is in the delivery month and the open interest, which is high, indicates holders of the contracts are demanding delivery.  😥 

The 30-minutes Silver Chart (1 bar every 30 minute), shows how the Big Boys are putting pressure on silver prices for this very purpose.  Once this is done, we could expect higher prices for Gold & Silver across the board. 

Stay tuned! 

https://bit.ly/MasterMetals

#Azimut continues to hit it out of the park at #Elmer! Drills 24.0 g/t #Gold Au over 18 m, incl. 38.7 g/t Au over 9 m, in the expanding #Patwon Gold Zone, Elmer Property, #Quebec

Azimut continues to hit it out of the park! 

Highlights from the news release of June 22, 2021

• Patwon remains wide open below 450 metres, with a possible gold grade increase with depth.
• Azimut's management considers Patwon to be one of the largest gold discoveries in the James Bay region since the discovery of the Éléonore deposit in 2004.
• The mineralized body is currently defined over a strike length of 500 metres and a minimum depth of 450 metres, where the mineralized system remains robust and open.