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Private Briefingwith WILLIAM PATALON III, Executive Editor
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Investing in gold and silver already offered staggering profit potential, and the opportunities just got even brighter.
Gold this week reached a "golden cross" and silver is perched to traverse one in a matter a days, following successive weeks of bullish trends in both precious metals' markets.
A golden cross occurs when the current price of a commodity (or an equity) and the shorter term moving averages "cross" or rise above the longer term 200-day moving average.
After 18 months of tepid and sometimes lower price movement, gold and silver have formed a large foundational base while enjoying two of the longest and strongest bull markets in history, according to research from Business Insider.
Now the golden cross has delivered technical support for higher moves for both metals.
"We're going to see new highs in both gold and silver in the first half of the New Year," said Money Morning Global Resources Specialist Peter Krauth. "I don't see anything that will keep this from happening."
Here's why Krauth is so bullish on gold and silver.
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