LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek Radio: Professor Laurence Kotlikoff, Professor Alexander Kosovichev & Robert Ian
By: Chris Waltzek Ph.D., GoldSeek Radio

You Know Things are Falling When…
By: David Haggith

Gold & Silver Prove Once Again, They Go Up When Most Everything Goes Down
By: SRSrocco

Why Debt Won't Spark Inflation
By: John Mauldin, Thoughts from the Frontline

COT Gold, Silver and US Dollar Index Report - May, 24, 2019
By: GoldSeek.com

BIS reduces its gold swaps by two-thirds over last two months
By: Robert Lambourne

Gold Mid-Tiers’ Q1’19 Fundamentals
By: Adam Hamilton, Zeal Research

China Threatens to Stop Exports of Vital “Rare Earth” Metals to U.S
By: Mike Gleason

Every Bounce In Tesla Stock Can Be Shorted
By: Dave Kranzler

Another Gold Buyout Takes Center Stage
By: Marin Katusa

 
Search

GoldSeek Web

 
Gold Bull Market Still Intact, But...


 -- Published: Thursday, 20 October 2016 | Print  | Disqus 

By Hubert Moolman

 

The gold bull market is still very much intact. In fact, it appears that the all-time high could be taken out real soon.

 

However, on the chart there is an obstacle that the gold price has to overcome. Another failure at this obstacle, and we could have a bigger drop than the one of a few weeks ago.

 

Below, is a chart of the gold price (from tradingview.com):

 

http://goldseek.com/news/2016/10-20hm/1.jpg

 

The top line is that obstacle that has to be overcome. Another failure at that line, and we could see price drop even more than it did two weeks ago, even to the $1000-level or below. However, although such a drop is possible, it appears very unlikely at this point.

 

Furthermore, there would be clear indicators in the market (in particular, the stock market) that such a move is about to happen.

 

On the flip side, a breakout at that obstacle line, and we could see the greatest gold rally of all time. This is mainly because other factors would create a panic that would make gold and silver more sought after than any good in this world.

 

In other words, the significant breakout of gold (at the obstacle line above), could occur around the same time as other significant collapses in the stock market and the bond market. Collapses don’t come bigger than a bond market collapse or stock market collapse (in that order), so expect an extreme panic when these happen.

 

A breakout at the line, shown above, would be similar to the 1978/1979 breakout, before gold exploded to a high of $850. However, in 1979, it did not align properly with a debt-collapse as well as a stock market collapse. This time it could very well align perfectly to deliver a fatal blow to the international monetary system.

 

For more on this, you are welcome to subscribe to my premium service. I have also recently completed a Silver Fractal Analysis Report as well as a Gold Fractal Analysis Report.

Warm regards,

Hubert


| Digg This Article
 -- Published: Thursday, 20 October 2016 | E-Mail  | Print  | 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 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

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.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC 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, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.