Gold: Could It Possibly Look Any More Bullish?
I don't usually like to forecast precise numbers, but, just for fun... $1700 Gold, $25 Silver and a Gold/Silver ratio of 68 within the next 6 months.
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I don't usually like to forecast precise numbers, but, just for fun... $1700 Gold, $25 Silver and a Gold/Silver ratio of 68 within the next 6 months.
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Gold appears to be breaking out. Silver looks ready for its next big move. Dollar resuming its drop.
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The long term view is very bullish. We're just getting started, even after moving up around 40% in the last 3 years.
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SiIver preparing for a big move ? know it feels like it's been a long time coming, but with a bullish MACD cross back above zero, the odds have increased significantly...
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Breakout before the end of the month or deeper pullback.
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Expect many, long, boring spells. During the early years of golds last big bull run in the early 2000's, there were many multi-month pullbacks and consolidations...
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Unless something very dramatic happens on Monday, we are not going to get a reverse symmetry breakout. A pullback is much more likely.
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