Friday , 30 September 2016


Update: Gold & Silver Charts Are Finally Flashing “Buy, Buy”!

From a technical perspective, gold is getting stronger and stronger and this is showing up on charts in all time frames. Usually, the monthly charts are the last to confirm a major move and can lag it by months. Nevertheless, a number of promising signals were already showing up for gold by February in this long-term chart (See: Long-Term Charts Indicate Gold Market Turning From Bear To Bull” ow.ly/Z2Lbl). Not surprisingly, the weekly and daily charts are flashing buy signals as well. Source

Please note:

In a personal email to me on March 2nd Juan Eduardo Morales Veas agreed retracting his 5 year old forecast (see below) saying: “Gold will NOT break the psychological level of US$1,000 in the first quarter of 2016 because this precious metal has three buy signals (daily, weekly and monthly). The last one is dated February 29th, 2016 at US$1,237.76!

The original article by Juan Eduardo Morales Veas (MoneyGreedandFear.com) was sent to munKNEE.com (Your Key to Making Money!) in a private email almost 5 years ago and is presented below in an edited format to provide the reader with a fast & easy read.

Now is the time to open short positions on gold and silver!

1. Gold:

  • will plunge to US$725 approx. by the end of March 2016
  • then go parabolic to US$3,500 approx., sometime between November 2016 & February 2017!

2. Silver:

  • will drop to US$12 approx. by the end of March 2016
  • then go parabolic to US$90 approx.  sometime between November 2016 & February 2017!

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Related Articles from the munKNEE Vault:

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Recently I discovered a website which tracks pundits in finance (and politics and sports). Check it out to see how many of the calls and predictions of your favorite prognosticators have turned out to be true. You’ll be surprised and, no doubt, disappointed!

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Even the foremost experts in most fields are no better than a flip of the coin at predicting what’s going to happen in their particular area of expertise. In fact, in one study those with 80% confidence in their forecasts were only right 45% of the time, so even worse than a coin flip.