Saturday , 13 July 2024

Aden Sisters: Buy Gold NOW as it Corrects on its Way to $2,000 (Almost 2K Views)

When you just consider the downgrade of U.S. debt, the jobs problem, the housing situation, the European bank concerns and their debt crisis, the negative outlook for the global economy, not to mention that the Fed will likely seek new measures to help the economy, we just don’t see gold coming down any time soon, other than having a normal downward correction [as currently is the case. Let us show you why.] Words:  1102

So say Mary Anne & Pamela Aden ( in an article* which Lorimer Wilson, editor of (Your Key to Making Money!), has further edited ([  ]), abridged (…) and reformatted below for the sake of clarity and brevity to ensure a fast and easy read. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.

The Adens go on to say:

 $2000 or Bust

Gold moved into a stronger phase of the bull market in September 2009 and it hasn’t looked back since then.  It broke clearly above $1000, and here we are approaching $2000, which [will be] another doubling of the price in two years [even though we are currently in a downward correction].  The volatility we’ve seen this month, with almost $200 fluctuations, is probably a sign of an intermediate top and now with the dollar starting to rise, while the other currencies decline… [the current correction in gold is to be expected].  Its leading indicators on Charts 1B and C are near overbought, which also reinforces this.

When to Buy; How to Buy

We receive letters asking if it’s too late to buy gold.  We’ve taken the stance of buying gradually over the months to average in at a fair price…[but with the current] correction, don’t think much about it and buy with both hands. Keep in mind, gold will remain strong even if it falls to the $1650 level.  If it closes below this level, [however.] a steeper decline could take it to $1420, its major support. Currently, volatility reigns and overshoots could also easily happen.

Silver and Gold Shares

Since silver and gold shares have not been on a tear like gold has, they’re not overbought. They were also pressured by the falling stock market and concerns of the slowing global economy but, as Charts 2 and 3 [below] show, they have room to rise further.

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First, note that silver is holding firmly near the higher side while its intermediate leading indicator bounces up from the lows.  This means that silver has room to rise further.  It’s strong above $38.50 and the major trend is up above $30.50.

As for gold shares, the XAU index is near the highs as it follows the gold price.  Gold shares also have room to rise further since the leading indicator is still coming up from a low area. As for silver shares, they’re not bouncing up as much as gold shares, but we think it’s just a matter of time until they follow.


Related Articles:

1.  Goldrunner: a Gold & Silver Tsunami is Approaching – Fast!

A tsunami doesn’t start with a bang, but with a whimper. The first sign is a little hump in the water way out in the distance that is barely notable. Anyone who catches a glimpse of it simply continues to expect the day to be the same as the last many days – calm and beautiful waters along the shore. This is the point where we are, today in the Precious Metals sector. Many have seen the little roll of water out in the distance as Gold edged up in the first move of a more parabolic slope, yet most investors are mired in the same expectations of yesterday – a return for Gold to correct down into a lower base. Our analysis based on the fractal relationship to 1979 shows, however, that the mid 900s are a realistic target for the HUI by the end of the year or early in 2012; that $52 to $56 should be achievable for silver, with $58 to $62 as real possibilities; and that Gold should go the $2250 level followed by $2500 with the potential for $3,000, or a bit higher, now on the radar screen. Let me explain why that is the case. Words: 2130

2.  These 100 Analysts Now Say Gold Will Go To $5,000/ozt. – or More!

100 of the 150 analysts who have gone public in maintaining that gold will eventually go to a parabolic peak price of at least $2,500/ozt.+ before the bubble bursts believe that gold will reach at least $5,000 per ozt. Take a look here at who is projecting what, by when. Words: 970

3.  Goldrunner: The “GOLDEN PARABOLA” & “SILVER ROCKET” Update

The parabolic rise in Gold and in Silver still have a very long way to go as measured directly off of the late 1970’s Charts. In fact, we expect the arithmetic ratio targets for Gold and for Silver, based on the late 1970’s rise for each, to get blown away since we are seeing a logarithmic rise in dollar inflation compared to the late 1970’s. We have just hit the point where the more parabolic rise in Gold set off the leverage for the Gold Stocks in the late 1970’s. Therefore, we expect the real parabolic PM Stock Index Bull is just now commencing. Let me explain. Words: 1769

4.  Will Gold & Silver Climb a Further 250% and 300% Respectively?

If gold and silver come anywhere close to mimicking the performance of the last great bull market of the 1970s, tremendous upside remains. From their 1971 lows to January 1980 highs, gold rose 2,333%, while silver advanced an incredible 3,646%. Were those gains applied to the 2001 lows for gold and silver we would see a peak price for gold of $6,227 per troy ounce and $160 ozt. for silver. Those prices would represent increases of 250% (from around $1,780 for gold today) and of 300% (from around $40 for silver today), respectively. [If you believe that the aforementioned is at all possible shouldn’t you be buying all that you can at today’s current prices?] Words: 1283

5.  Gold Stocks: Get Ready, Get Set, GO!

Both gold and silver continue to trade well below their inflation-adjusted highs in nominal terms, and the market is now beginning to acknowledge the profit potential that precious metals equities offer at today’s bullion prices. We believe the equities will offer more upside than the bullion over time. Many of the smaller names are well priced and have momentum behind them. The prospects for gold stocks look extremely bright [for very good reasons. Let us explain.] Words: 2250

One comment

  1. I caught some gold when the lower prices fell from the sky!!!

    Silver too!!!!!

    I’m going to be rich!!!!