• 526 days Will The ECB Continue To Hike Rates?
  • 526 days Forbes: Aramco Remains Largest Company In The Middle East
  • 528 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 928 days Could Crypto Overtake Traditional Investment?
  • 932 days Americans Still Quitting Jobs At Record Pace
  • 934 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 937 days Is The Dollar Too Strong?
  • 938 days Big Tech Disappoints Investors on Earnings Calls
  • 939 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 940 days China Is Quietly Trying To Distance Itself From Russia
  • 941 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 945 days Crypto Investors Won Big In 2021
  • 945 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 946 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 948 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 948 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 952 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 952 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 953 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 955 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

The Short Term Bottom In The Precious Metal Sector Is Almost Here

This Monday we will see a sharp drop in the metals. I expect GDX to hit 20.5 (or a little lower). Gold and silver will probably retest the late June lows. The good news (for the bulls) is that this will mark a short term bottom. By 1/5/2014 I expect GDX to go to 25-27 by that date. I expect GLD to go to around 130 and SLV to about 22.

After that I expect another retest of the lows by 2/11/2014. From there I expect another sharp rally to about the same point as 1/5/2014 with GDX to 25-27, GLD to about 130 and SLV to about 22. After that I again see another correction but am not sure how low it will go. So it seems we may be forming a large base from here that will last until July of next year. Then (and only then) will we be "off to the races" higher. Then there will be a long and powerful final (and eventually parabolic) 5th leg higher. These predictions are based on my analysis using vedic astrology.

This info is for traders. Of course if the gold/silver is not in your posession -- YOU DON'T OWN IT.

 

Back to homepage

Leave a comment

Leave a comment