Thursday, August 16, 2012
Thursday, June 21, 2012
June 20th, 2012 at 8:35 pm [By Chris Vermeulen; www.thegoldandoilguy.com]
Gold & Silver on
the Verge of Something Huge!
June
20th, 2012 at 8:35 pm
Gold and silver have
taken more of a back seat over the past 12 months because of their lack of
performance after topping out in 2011. Since then prices have been trading
sideways/lower with declining volume. The price action is actually very bullish
from a technical standpoint. My chart analysis and forward looking forecasts
show $3,000ish for gold and $90ish for silver in the next 18-24 months.
Now don’t get too
excited yet as there is another point of view to ponder…
My non-technical outlook
is more of a contrarian thought and worth thinking about as it may unfold and
catch many gold bugs and investors off guard costing them a good chunk of their
life savings. While I could write a detailed report with my thinking, analysis
and possible outcomes I decided to keep it simple and to the point for you.
Bullish Case: Euro-land starts to crumble, stocks fall
sharply sending money into gold and silver which are trading at these major
support levels which in the past triggered multi month rallies.
Bearish Case: Greece, Spain and Italy worth through
their issues over the next few months while metals bounce around or drift
higher because of uncertainty. But once things have been sorted out and
financial stability (of some sort) has been created and the END OF THE FINANCIAL
COLLAPSE has been avoided money will no longer want to be in precious metals
but rather move into risk-on.
Take a look at the gold
and silver charts below for an idea of what may happen and where support levels
are if we do see money start to rotate out of metals in the next 3-6 months.
Over the next few months things will slowly start to unfold and shed some light on what the next big move is likely going to happen to gold and silver.
The price movements we have seen for both gold and silver indicate were are just warming up for something really big to happen. It could be a massive parabolic rally to ridiculous new highs in 2012/2013 or it could be a huge unwinding of the safe havens as countries sort out their issues and the big money starts moving out of metals and into currencies and stocks.
Only time will tell and that is why I analyze the market multiple times per week to stay on top of both long term and short term trends. So if you want to keep up with current trends and trades for gold, silver, oil, bonds and the stocks market checkout TGAOG at:http://www.thegoldandoilguy.com/free-preview.php
Chris Vermeulen
Monday, June 11, 2012
Wednesday, May 30, 2012
Saturday, May 19, 2012
Thursday, May 10, 2012
Saturday, May 5, 2012
Sunday, April 22, 2012
Saturday, April 21, 2012
Wednesday, April 18, 2012
Friday, April 13, 2012
CME Lowers Silver, Copper Margins [www.zerohedge.com Submitted by Tyler Durden on 04/12/2012 18:39 -0400]
While it is unknown if this is merely a bull trap to get yet another bubble going, then to slaughter everyone with the same relentless barrage of margin hikes as we saw in the spring of 2011, or simply volumes in commodities have gotten so low that even the CME is willing to allow a little price appreciation in exchange for participation is unknown, but as of April 16 silver initial and maintenance margins will be 12.5% lower, while copper margins are declining by 20%.
See FULL ARTICLE
See FULL ARTICLE
Wednesday, April 11, 2012
Thursday, April 5, 2012
Monday, April 2, 2012
Saturday, March 31, 2012
Monday, March 26, 2012
Saturday, March 24, 2012
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