Comex Gold Hits Record High Trading at $1566:Quick update on gold and silver technicals from chiefsworld
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CHIEFS WORLD
Apr 30, 2011, 12:29:59 AM4/30/11
to chiefsworld
Gold should hit initial target of 1578, but it is not final top in
this run, I suspect that it will continue toward 1660 -1760 this may/
june.
Silver at the same time should climb to 53-60, with an outside change
at 75 to finish it's top in may/june.
After both metals peak in may/june. Silver is likely to drop 20-25%
and gold should drop 12%ish into the summer, both at the same time.
Then both should rise put out of aug-nov into an amazing final 5th
wave. Gold to 2050-2450, silver to 130-180. That run should end early
2012. That is the long term projection, but still need to take one
step at a time.
I REPEAT AGAIN WHICH I SAID EARLIER "Anyone selling physical gold
until the world financial situation is fixed is insane "
this run, I suspect that it will continue toward 1660 -1760 this may/
june.
Silver at the same time should climb to 53-60, with an outside change
at 75 to finish it's top in may/june.
After both metals peak in may/june. Silver is likely to drop 20-25%
and gold should drop 12%ish into the summer, both at the same time.
Then both should rise put out of aug-nov into an amazing final 5th
wave. Gold to 2050-2450, silver to 130-180. That run should end early
2012. That is the long term projection, but still need to take one
step at a time.
I REPEAT AGAIN WHICH I SAID EARLIER "Anyone selling physical gold
until the world financial situation is fixed is insane "
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