• 846 days Will The ECB Continue To Hike Rates?
  • 847 days Forbes: Aramco Remains Largest Company In The Middle East
  • 849 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,248 days Could Crypto Overtake Traditional Investment?
  • 1,253 days Americans Still Quitting Jobs At Record Pace
  • 1,255 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,258 days Is The Dollar Too Strong?
  • 1,258 days Big Tech Disappoints Investors on Earnings Calls
  • 1,259 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,261 days China Is Quietly Trying To Distance Itself From Russia
  • 1,261 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,265 days Crypto Investors Won Big In 2021
  • 1,265 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,266 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,268 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,269 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,272 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,273 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,273 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,275 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

We May Have Seen The Bottom In Gdx - In Price - But Not In Time!

In order for a continuation of the bull market in precious metals to resume, a base needs to be formed. For the permabulls, sorry to break your bubble. The next SUSTAINED leg up in the precious metals will not begin until July.

In the near term I see a high in GDX of 23-23.5 by the close on Tuesday, 1/7/2014. Then for one month with a gradual decline and another retest of the recent lows (GDX-around 20.2). This next down move will end around 2/11/2014. Then again a sharp, but short upmove from the recent lows of 20.2 to maybe 23.5, maybe as high as 25. So this move up will begin approximately 2/11/2014 and end on 2/28/2014.

Then a correction of that upmove will take place. March, April, and May, I am not sure what will happen, but the next SUSTAINED upmove will not begin until July 2014. This analysis is based on vedic astrology, because it works.

At some point in the not too distant future, your "paper" gold will become worthless, when the collapse happens. Remember there are roughly 70 claims on each ounce of paper gold. Only if you hold the physical will you hold anything of value.

Why did the US government tell Germany "No" you can't have your gold? Because they don't have it anymore.

 

Back to homepage

Leave a comment

Leave a comment