Lorimer Wilson

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“Three Peaks and the Domed House” Pattern Suggests Gold Going to $1,290!

There are a number of different ways to look at what has been happening with the price of gold and silver of late and to anticipate what is next in store for this precious metal. One of the most unique ways of assessing past, present and future movement is by taking a look at the “Three Peaks and the Domed House” and “Bump and Run” chart pattern. Indeed, the “Three Peaks” pattern suggests that gold has peaked and will now decline by 17% to $1,290 per ozt. in June.

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Goldrunner: Gold on Track to Reach $1860 – $1920 by Mid-year

The Golden Parabola is continuing to follow the cycle of the 70’s Gold Bull as the U.S. Dollar is further devalued against Gold to balance the budget of the United States at this point in the “paper currency cycle” where Global Competitive Currency Devaluations rule.

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Goldrunner: “$52 to $56 Silver by Mid-year” Update

Back on February 18th I wrote an editorial showing that Silver could rocket up to $52 to $56 by mid-year. At the time of the writing Silver was sitting a little above $32 on the price chart. The original chart work was based off of the fractal chart work I do with Silver from previous fractal time periods.

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Goldrunner: Why PM Stocks Are Positioned to Move Much Higher – Soon

I am at a loss for words (something that rarely happens to me) as to why so many in the Precious Metals Sector have become so negative at this juncture in this Historic Precious Metals Bull Market. No doubt, many have “2008-itis”, thinking that the Dow is going to crash.

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GOLDRUNNER: THE GOLDEN PARABOLA

Gold is in an historic Bull Market because most nations are printing their paper currencies like they are going out of style (and maybe they are) as each nation tries to battle off the massive deflationary backdrop of debt that has permeated most of the world. This surge of debt monetization – this devaluing of the U.S. Dollar for one – has set the scene for a parabolic rise in $Gold to $1860, or higher, over the coming months before an intermediate-term correction takes place.

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