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From a technical perspective, gold is getting stronger and stronger and this is showing up on charts in all time frames. Usually, the monthly charts are the last to confirm a major move and can lag it by months. Nevertheless, a number of promising signals were already showing up for gold by February in this long-term chart (See: “Long-Term Charts Indicate Gold Market Turning From Bear To Bull” ow.ly/Z2Lbl). Not surprisingly, the weekly and daily charts are flashing buy signals as well. Source
Please note:
In a personal email to me on March 2nd Juan Eduardo Morales Veas agreed retracting his 5 year old forecast (see below) saying: “Gold will NOT break the psychological level of US$1,000 in the first quarter of 2016 because this precious metal has three buy signals (daily, weekly and monthly). The last one is dated February 29th, 2016 at US$1,237.76!”
The original article by Juan Eduardo Morales Veas (MoneyGreedandFear.com) was sent to munKNEE.com (Your Key to Making Money!)
in a private email almost 5 years ago and is presented below in an edited format to provide the reader with a fast & easy read.
Now is the time to open short positions on gold and silver!
1. Gold:
- will plunge to US$725 approx. by the end of March 2016
- then go parabolic to US$3,500 approx., sometime between November 2016 & February 2017!
2. Silver:
- will drop to US$12 approx. by the end of March 2016
- then go parabolic to US$90 approx. sometime between November 2016 & February 2017!
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Links to More Sites With Great Financial Commentary, Analyses & Entertainment:
ChartRamblings; WolfStreet; MishTalk; SgtReport; FinancialArticleSummariesToday; FollowTheMunKNEE; ZeroHedge; Alt-Market; BulletsBeansAndBullion; LawrieOnGold; PermaBearDoomster; ZenTrader; CreditWriteDowns;
The charts only show data up to 2013…..