Monday , 21 August 2017


Gold & Silver Will Soon Collapse to $1,380 and $18 Resp. & Then Surge to $3,950/$117 in 2013

Due to the severe financial crisis in Europe, capital will continue to take refuge in the U.S. Dollar and gold and silver will collapse to US$1,380/oz. (Fibonacci Retracement 61.8% level) and US$18/oz. (Fibonacci Retracement 76.8% level) respectively, in the third quarter of 2012.

So says Juan Eduardo Morales Veas (www.moneygreed andfear.com) in edited excerpts from his original submission to www.munKNEE.com (Your Key to Making Money!).

Veas goes on to say, in part:

Any Euro zone agreement will only be a temporary relief for investors because the central banks around the world will provide more and more QE as deemed necessary to “save” their economies.

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See link to updated prognosis below:

Update: Gold & Silver to Drop to $1,675 & $30.50 by End of 2012 Before Going to $3,950 & $117 by End of 2013!

gold-silver

My previous article on gold & silver went viral with almost 30,000 reads on munKNEE.com alone and continues to be read by hundreds of goldbugs daily. Below is an updated chart and analysis suggesting that gold & silver have further to drop before they go parabolic. Take a look and share it with friends.

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A low rate policy is a disaster for savers, investors and pension plans while deflation is the biggest catalyst for gold and silver which will be the best way to protect your assets over the next three years.

My forecasts for gold and silver are US$3,950/oz. and US$117/oz. respectively, in the fourth quarter of 2013.

Below is a chart of how I see the price of silver unfolding over the next while.

 

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