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Gold’s New Reality $1424-1624
The five day weekend. Readers should know I refer to Friday as “report card day” and Monday as the start of your “five day week-end.”….
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The five day weekend. Readers should know I refer to Friday as “report card day” and Monday as the start of your “five day week-end.”….
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1. $1424 or $1315? Which price does gold touch first? Gold is leaping higher this morning, up $9 to approx. $1375. 2. My unchanged view has been that gold takes out 1424 first, and I bought into the lows at 1315, all the way down in a pyramid formation of buys. 3. The reason I … Continue reading
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A substantial debate is emerging around the Gold $1315-1424 zone. Is Sir Gold overbought and due for a big fall? Or do you ride your holdings above 1424 on a new leg higher! 2. I guess if you used the marked to model numbers of the OTC derivatives (OTCDs) for your calculations, you could, maybe, make an argument that … Continue reading
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I cannot overemphasize the critical importance of factoring the bond market into any analysis of the crisis now.” That was the sentence I started yesterday’s update with, and it’s probably the sentence I should start every update with, for the next six months! 2. I see a lot of gold analysts trying to gauge the … Continue reading
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1. The Gold Magician. He waves his magic wand, and the gold community….awakens. All you thought was going to happen in 2006 an 2008, is happening now. Gold bullion pricing over $1200 is the rocket fuel. 2. Gold stocks are the rocket and the question is: Are you ready to ride? There are no missed prices, only those creating market fantasies for themselves, … Continue reading
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1. The “Gold Gauntlet”. Over the past few months I have become somewhat vocal in asking you, the gold community, to choose sides in the Gold stocks versus Gold bullion battle. 2. The battle for ultimate upside reward for your accounts. 3. Yesterday, I mentioned my views on the slingshot effect that continued modest increases … Continue reading
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Oct 26, 2010 There is a battle going on in the silver market for the $25 level. A lot of silver investors that bought silver on the rebound after the 1980 collapse saw price stopped dead in its tracks at $25. Now, decades later, they want out at break-even. That is 99% of the reason … Continue reading
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Do you want to make serious money in the gold market? The large money in gold over the next 12 months is going to be made in gold stocks. Gold bullion at $1000 back in 2008 on the first touching of that key plateau was not the same “gold stock rocket fuel” that it is … Continue reading
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Repetition is one of the key building blocks of excellence…..
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1. The US dollar. Some amateur chartists see a bull continuation h&s (head and shoulders) pattern on the weekly chart of the US dollar. I suspect this analysis comes from the non-stop pounding I gave the gold community on the existence of a bull continuation h&s in Gold, between 680-1033. That pattern activated, and has … Continue reading