Royalty Breakout: A 60% Move in the Making?

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This is the monthly chart of royalty companies FNV, WPM, RGLD, SAND, and OR combined. A five-year consolidation was recently broken on the weekly timeframe, with confirmation. The last similar breakout after consolidation led to a ~150% increase from the bottom.

At today's gold price of $3,000, this scenario looks highly probable. If it unfolds, these companies could see a cumulative gain of around 60% from current levels.

Feragatname

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