Tag Archives: gold correction

The Fed’s recent inference that QE3 was not imminent has caused physical gold and silver and the HUI and the XAU to breach their downside support lines. These transitions set up the distinct possibility that we could well see $1,500 gold and the HUI and XAU at 400 and 144, respectively! Let me outline my analyses of the current situation and how it might unfold. Words: 386

Gold has been in a bull market for over a decade, posting positive returns for 11 years in a row. However, there are good reasons to believe that gold will retreat in 2012 and disappoint a lot of gold bugs. [Let me explain.] Words: 725

There is a strong probability that the correction in the price of gold [down to $1,523] has been completed. The up move just starting should be...the longest and strongest portion of the bull market...at least a 200% gain... [to] a price over $4,500. The largest corrections on the way to this target, of which there should be two, should be in the 12% to 14% range. [Let me explain how I came to the above conclusions.] Words: 760

With what is happening in the price of gold these past few weeks/months it is imperative to take a look at the big picture and in doing so it shows that we are still very much in a long-term bull market. Let's take a look at some charts that clearly outline where we are currently and where we could well be going. Words: 925

So much has been written over the past 4 months about why the price of gold has be misbehaving that I think you will appreciate having links to all the best articles, as posted on munKNEE.com, that explain the situation from a variety of perspectives. In addition to a greater understanding of what is happening to the price of gold and why I am sure you would like to have some insights into just where the price of gold (and silver, by extension) is going in the weeks, months and years to come. To that end I have again posted links to the most enlightening articles on the subject for your review. Frankly, virtually nothing more can be written on the current and future pricing of gold than you will find in this summary article so read on and take action according to the conclusions you come to as a result of being fully informed. Words: 1975

A final or total catastrophe of the currency system will occur as a result of unlimited money printing that will lead to hyperinflation. Stock markets will benefit temporarily from this QE [but we expect that the] markets will fall 90% against gold in the next few years. The correction in the precious metals [will] likely [soon] be over and we should see the metals going to new highs in 2012. Words: 450

I believe that the price of gold will... reach... $3,000, $4,000, and even $5,000 [per troy] ounce...during the course of this long-lasting bull market, a bull market that still has years of life left to it...[although] prices will remain extremely volatile - with big swings both up and down along a rising trend...The future price of gold is a function of past and prospective world economic, demographic, and political developments [and in this article] I review some of these developments and trends - so that you can come to your own "golden" conclusions. Words: 3800

With what is happening with the price of gold these past few days it is imperative to take a look at the long and short of it all (the trends, that is). In doing so it shows that we are still very much in a long-term bull market but in a short-term (yes, short-term) bear market. Let's take a look at some charts that clearly outline where we are at and where we could well be going. Words: 625

What’s going on with the price of gold? It would be nice if gold always went up in a crisis but short term it can get just as burnt as everything else. [It begs the question, however,] if gold is the great anti-asset, the thing to hold when everything else is in collapse, why is it now trading…[below $1,700 and] not $2,000? What is next for gold? Words: 765

As I see it, worsening financial crises lead initially to lower gold prices which are followed by some form of government intervention to alleviate the crises and that action, in turn, eventually results in renewed appreciation in the price of gold. The basic steps in such a transition are really quite straightforward. Let me explain. Words: 686