Saturday , 27 May 2017


Goldrunner: Gold & Silver to Bottom This Week & Then Spurt to $2,050 and $41 Areas – Here's Why

Gold and Silver should see final bottoms in price this week. The upside potential following this correction still looks huge for Gold and for Silver. We expect Gold and Silver to soon make a run back up to the recent highs – but at a sharper angle than they fell.  [Let me explain why this will likely be the case.] Words: 528

So says Goldrunner (www.GoldrunnerFractalAnalysis.com) in edited excerpts from his most recent newsletter to subscribers posted here with permission.

Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!), has edited the article below for length and clarity – see Editor’s Note at the bottom of the page. This paragraph must be included in any article re-posting to avoid copyright infringement.

Goldrunner goes on to say, in part:

(Go here to subscribe to his service for indepth proprietary fractal analysis and charts, charts, charts supporting his future price projections for Gold [Goldrunner: Price Target of $10,000 to $12,000 for Gold Still Holds] and Silver [Goldrunner: Silver to Rocket to $60 – $68 and Then Much Higher and Precious Metals mining stocks.)

  • Seasonal strength appears for Gold and for Silver into late October.
  • Gold has now traded down to the 20 week EMA which has generally held support for most of the impulsive runs over the last 3 years.  We’d expect any further weakness to be reversed rather quickly so it looks like the correction is very close to being complete.
  • Per the 3 fan-line Models, we’d expect Gold (and Silver) to shortly resume their intermediate-term momentum moves higher with a vengeance.
  • The Precious Metals Stocks have shown good relative strength while Gold and Silver have corrected.  This suggests that the PM Stocks will participate nicely as Gold and for Silver move higher.  Individual PM Stocks that have outperformed in the last run should lead the pack.

NOTE: A link to the Goldrunner subscription service can be found here. If you would like to be added to Goldrunner’s mailing list to receive his new and Free newsletter, Goldrunner’s Fractal Corner, send an e-mail to GOLDRUNNERBLOG44@AOL.COM .

The upside potential following this correction still looks huge for Gold and for Silver.

  • Gold has hit the middle Keltner Channel line like it did in 2005 for an important bottom.
  • The expected upside price moves from this bottom for Gold are very similar on the 2005 fractal chart, the late 70’s fractal chart, the seasonal chart, and on the 3 fan-line Model.

Conclusion

Given the above, I expect

For Gold:

  1. A final bottom for Gold this week followed by a pretty aggressive move back to the recent highs.
  2. After that Gold will likely seek new highs around the $2050 area, followed by a chop higher through angled resistance to around $2350.

With Gold’s fundamentals so strong, and getting stronger, this week’s paper gold technical trade low could easily act like a rubber band – snapping back. Once up through the top of the log channel, Gold should fly.

For Silver:

  1. We should also see a final bottom for Silver this week.
  2. The move might be up to $40.5 to $41.5 with a spike a bit higher.
  3. Above $44 to $45 Silver will have only angled chart resistance left.
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For Precious Metal Stocks

The outlook for the PM Sector looks great going forward.  The government’s inability to pay its bills, along with the weak economy, guarantees massive Dollar printing thus the PM Sector remains a major insurance policy going forward.

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The PM Sector, at this juncture in the historic cycle, becomes an avenue to protect the purchasing power of your investments. It also becomes mostly a one lane road to higher pricing while many other asset classes fair more poorly.  This creates the potential to protect your savings while the PM Sector runs vastly higher, and then pick a spot to start to move part of your PM Investment gains into other asset classes that will eventually recover.

Editor’s Note: The above post may have been edited ([ ]), abridged (…), and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.

Related Articles:

1. Goldrunner: Price Target of $10,000 to $12,000 for Gold Still Holds

gold-bars4

My Fractal Gold chart work is a direct comparison of Gold, today, to the late 70’s Gold Parabola.  Thus, “timing” is taken directly from the late 70’s cycle, with price targets created from a combination of the late 70’s Gold price and different technical analysis techniques.  We developed a price target back in 2006/ 2007 for Gold to reach the $10,000 to $12,000 range during this Gold Bull and we still stand by that forecast. Let me explain where we are at this point in time.

2. Goldrunner: Silver to Rocket to $60 – $68 and Then Much Higher

Silver Bars

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7. GOLDRUNNER: BIG PICTURE GOLD- PART III- GOLD BULL LOG CHART

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8. GOLDRUNNER: BIG PICTURE GOLD- PART 2- GOLD BULL PARABOLIC GROWTH

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10. GOLDRUNNER: INVESTORS BEWARE! PART II PRICE AND VALUE DIVERGE WITH AGGRESSIVE DOLLAR PRINTING

The concept of “value” is extremely important, especially when Dollars are being printed aggressively.  This is because the value of your Dollars is falling.  Most people look at a Dollar and see a Dollar.  They don’t understand that the worth of a Dollar can fall dramatically in times like today.

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12. Goldrunner: Gold to Rocket To Around $4,000, And Then on to $10,000-$12,000

The Fractal Gold chart work is a direct comparison of Gold, today, to the late 70’s Gold Parabola.  Thus, “timing” is taken directly from the late 70’s cycle, with price targets created from a combination of the late 70’s Gold price and different technical analysis techniques.  We developed a price target back in 2006/ 2007 for Gold to reach the $10,000 to $12,000 range during this Gold Bull.  Anything above that range would mean that the “Stagflation” comparison to the late 70’s was exceeded and “Hyper-inflation” would become a real possibility. Let me explain where we are at this point in time

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The “Deflationary” portion of the long-term economic cycle is called Kondratieff Winter.  It is characterized by huge debts with a topping economy and stock market.  We hit the K-Wave Winter in 1929, and again in the year 2000.  The most important factor in how things play out in a K-Winter is the “state of the Dollar.”

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15. GOLDRUNNER: THE FED, DEBT, AND GOLD- Pt. 1- Follow the dots . . . . . . .

This period of the long-term investing cycle is all about reality versus fantasy, but on several different levels.  The system has been turned upside down by using “paper derivatives” that can be expanded to infinity for “price discovery.”  Even paper money is a “derivative” since periodically in the long-term cycle, like today, the world must turn to REAL MONEY GOLD to bail out the paper currency system.

16. GOLDRUNNER: THE FED, DEBT, AND GOLD- Pt. 2- Follow the dots . . . . . . .

Since the Fed has the control of the money, it knows in advance what it will do.  Thus, the Fed Banks have very powerful legal inside information and can front-run everything that they do while taking no risk, whatsoever!

 

 

One comment

  1. After the election, expect both Au and Ag to resume their “climb”…

    + Seen this: http://www.gizmag.com/color-changing-gold/24698/