Sunday , 24 November 2024

Get Ready to “Put the Pedal to the Metal” (Gold & Silver)! Here’s Why (+2K Views)

Over the next couple of months everything should generally rise together but once the dollar puts in an bullintermediate bottom sometime in March or April, commodities and gold will move down into an intermediate correction as the stock market completes its final blow off top. After the stock market parabola collapses later this summer it will be time to put the pedal to the metal in the commodity markets, and especially the precious metal markets as the Great Inflation begins in earnest.

So says “Toby Connor” (goldscents.blogspot.ca) in edited excerpts from his original article* entitled ANOTHER PIECE OF THE PUZZLE FALLS INTO PLACE .

[The following is presented by Lorimer Wilson, editor of  www.munKNEE.com and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.]

Last week Connor mentioned in an article on this site entitled Stock Market Will Collapse In May Followed By Major Spike in Gold & Silver Prices! Here’s Why that:

  • the NASDAQ  will reach all-time highs above 5000 before this cyclical bull market comes to an end in May or early June
  • followed by a massive inflationary spike in commodity prices – particularly gold & silver.

 

 

This week Connor has gone on record that he expects:

  • the S&P 500 will crash at least back to the 2000/2007 support zone at 1550,
  • Yellen will panic, reverse the taper, and probably initiate QE5 & 6,
  • the broken parabola will not be reflated but it will trigger a reaction rally and then
  • the S&P will continue to collapse into a massive bear market that will bottom below 666 sometime in early to mid-2016.

 

 

  • QE 5 & 6 to be the final nail in the coffin for the dollar, and trigger a full break of the megaphone top and move below the 2011 and 2008 bottoms before the dollar completes its final three year cycle low.

 

 

  • commodity markets to continue a stealth rally having successfully tested the 2012 three year cycle low and have now broken through the multiyear downtrend line.

 

 

  • gold to test the initial April breakdown at 1520 over the next 1-2 months.

 

  • gold sentiment levels to be pushed to bullish extremes from their current depressed levels, triggering an intermediate degree profit taking event into May or June.

 

Source: sentimenTrader.com

 

  • silver sentiment levels to be pushed to levels next week that require the metals to pull back and take a breather.

 

Source: sentimenTrader.com
  • once the stock market bubble pops in 4-5 months time, and Yellen starts QE5, the Great Inflation will begin in earnest and that
  • gold will probably rocket from an intermediate bottom of around 1350-1400 this summer, to test $2000 by the end of the year.

 

Summary

Over the next couple of months everything should generally rise together but once the dollar puts in an intermediate bottom sometime in March or April, commodities and gold will move down into an intermediate correction as the stock market completes its final blow off top.

After the stock market parabola collapses later this summer it will be time to put the pedal to the metal in the commodity markets, and especially the precious metal markets as the Great Inflation begins in earnest.

[Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.]

*http://goldscents.blogspot.ca/2014/02/another-piece-of-puzzle-falls-into-place.html  (Subscribe to GOLD SCENTS by Toby Connor by Email; To subscribe to the premium service, a daily and weekend market update, click here)

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One comment

  1. Charts are wonderful but for me I think my GUT chart indicates that for whatever reason PM’s will start to reclaim much of if not all of their old record prices and may then even go way beyond them, to much higher prices because things are getting “IFY” in the global paper money market.

    Even forgetting about the US stock market, since PM are traded globally, any change in a one Countries PM value status will effect the entire market and since we are all interconnected these days the trades will happen at ever faster rates (pun intended) which will tend to leave small and medium traders out in the cold cruel world to fend for themselves.

    Good luck