Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Stock Review : Markets : News Wire : Quotes : Radio : Silver : Stocks - Main 
  
 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

The end of Currency ‘Safe-havens'
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch

The Raging “Currency Wars” across Europe
By: Gary Dorsch, Editor, Global Money Trends

Saville says gold's flow doesn't matter; U.S. and China disagree
By: Chris Powell, Secretary/Treasurer, GATA

Outside the Box: 2015 Investment Themes
By: John Mauldin and Gary Shilling

Still In Control? Greece Says No
By: Bill Holter

Vancouver Conference Interview: The US Dollar is the lesser of all evil! - Mickey Fulp
By: GoldSeek.com TV

Vancouver Conference Interview: Why won't the FED Listen! - Michael Berry
By: GoldSeek.com TV

Vancouver Conference Interview: This is good for the mining industry! Yukon Premier talks mining & resources in the territory
By: GoldSeek.com TV

Are You Sure You Want to Delete This?
By: Dennis Miller

Have gold prices still got one last low to reach and are gold shares a good hedge against getting that wrong?
By: Peter Cooper

 
Search

GoldSeek Web

 
Time to Buy, Buy, Buy



-- Posted Sunday, 4 November 2012 | | Disqus

By Toby Connor, GoldScents

If you aren't already in, Monday or Tuesday should represent an exceptional buying opportunity as gold moves into its final intermediate cycle bottom. 

Now that the 38% retracement has been breached I would look for a final exhaustion move to test the 50% level early next week as we move into the elections. 

At that point sentiment should be completely washed out and gold will be set up for an explosive move to test the all-time highs by the end of the year or early January. 

Miners should deliver even bigger gains as I expect them to break out of the bull flag that's been forming over the last 4 weeks and generate a 25-30% rally to test their all-time highs. 

We are moving into one of those rare buying opportunities that only come around once or twice a year. This is that point I warned about in my last post where one has to ignore the media and nonsense about QE3 not working. It is going to work, and it is going to work extremely well. I fully expect it to drive gold to $4000 by mid-2014.  

Our current situation is purely a profit taking event, nothing more. These happen like clock-work about every 20-25 weeks, as you can see in the chart below. Gold is now very late in the timing band for that major cycle bottom.  

I'll have more in the weekend report and I think the odds are very high we get a final bottom by mid-week.  

SMT premium newsletter$10 one week trial.


-- Posted Sunday, 4 November 2012 | Digg This Article | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2014


© GoldSeek.com, Gold Seek LLC


GoldSeek.com Supports Kiva.org

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.
OilSeek.com