Gold & Silver on the Verge of Something Huge!
Gold and silver have taken more of a back seat over the past 12 months because of their lack of performance after topping out in 2011. Since then prices have been trading sideways/lower with declining volume. The price action is actually very bullish from a technical standpoint. My chart analysis and forward looking forecasts show $3,000ish for gold and $90ish for silver in the next 18-24 months.
Now don’t get too excited yet as there is another point of view to ponder…
My non-technical outlook is more of a contrarian thought and worth thinking about as it may unfold and catch many gold bugs and investors off guard costing them a good chunk of their life savings. While I could write a detailed report with my thinking, analysis and possible outcomes I decided to keep it simple and to the point for you.
Bullish Case: Euro-land starts to crumble, stocks fall sharply sending money into gold and silver which are trading at these major support levels which in the past triggered multi month rallies.
Bearish Case: Greece, Spain and Italy worth through their issues over the next few months while metals bounce around or drift higher because of uncertainty. But once things have been sorted out and financial stability (of some sort) has been created and the END OF THE FINANCIAL COLLAPSE has been avoided money will no longer want to be in precious metals but rather move into risk-on.
Take a look at the gold and silver charts below for an idea of what may happen and where support levels are if we do see money start to rotate out of metals in the next 3-6 months.
Over the next few months things will slowly start to unfold and shed some light on what the next big move is likely going to happen to gold and silver.
The price movements we have seen for both gold and silver indicate were are just warming up for something really big to happen. It could be a massive parabolic rally to ridiculous new highs in 2012/2013 or it could be a huge unwinding of the safe havens as countries sort out their issues and the big money starts moving out of metals and into currencies and stocks.
Only time will tell and that is why I analyze the market multiple times per week to stay on top of both long term and short term trends. So if you want to keep up with current trends and trades for gold, silver, oil, bonds and the stocks market checkout TGAOG at: http://www.thegoldandoilguy.com/free-preview.php
Chris Vermeulen
Read more at The Gold and Oil Guy
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Whistler Blowers, Insiders
http://www.fdic.gov/bank/individual/failed/banklist.html Failed Bank List – CSV file (Updated on Mondays. Also opens in Excel
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http://demonocracy.info/infographics/usa/us_debt/us_debt.html 16 trillion$$$$$$$
http://www.pakalertpress.com/2012/06/21/hidden-us-israeli-military-agenda-break-syria-into-pieces/
Reallly!????
Wow, then the crash today in Gold and Silver is imaginary?
C’mon. Demonstrate when this stuff will ‘skyrocket” as everyone believes or wait until some new use for silver occurs and watch as Gold is sequestered away by foreign nations-China, and India.
But, everyone has been talking about gold and silver skyrocketing for several YEARS now.
Ok, when does the public get to finally lable the “prophets of gold and silver” as the “prophets of chicken little”?
What? Wait….no the sky IS falling…wowwee!
One question. How are you going to calibrate the value of silver/gold when the dollar is valued at zero?
Posted by lroberge on Thu Jun 21 2012 10:51
“But, everyone has been talking about gold and silver skyrocketing for several YEARS now.”
Although I agree that this author’s timing and enthusiasm leaves one to pause, you will notice how gold and silver DID skyrocket back in late 2010-early 2011. Those charts were telling us something about the monetary system. However, at that point, first silver, then gold were summarily SMACKED by the CME margin raises and short manipulators. And that manipulation continues today but, even though there are investigations into the commodities manipulation (silver and gold), nothing will be done to those doing the deed. These manipulations are need to keep the ponzi scheme of US debt from collapsing.
You see, a dying fiat money system can’t have the evidence so glaring that the system is failing. So those who created and benefit the most from that failing system must do something to “convince” those still asleep that there’s nothing to see here. You have obviously taken the bait.
Chris Vermeulen is a hazbeen… He gave very bad advice on Kitco which sparked investors there to kick him off their comment board. Do no take the advice of someone talking out of both sides of his face like in this article.
All of the silver and Gold ( gold is a poor investment) naysayers will eat their words someday. Silver is the best investment, and if you’re saving your pieces of paper in a bank, you’re a sucker. Silver is dirt cheap and will get much better. Trading it for worthless pieces of paper seems like a poorly planned idea. Just sayin…
Gold holds more value than silver. It’s for larger investment.