Sunday , 19 November 2017


Gold’s 2014 Playbook: $1,050 This Summer; $1,800 – $2,000 By Year End! Here’s Why

Gold and silver are being heavily manipulated right now…[and] I fully expect the forces controlling the gold gold-correctionmarket will try to break the double bottom and take gold down to $1050…during this summer’s correction… and then roar back to $1800-$2000 over a 4-6 month period.

So says “Toby Connor”  (goldscents.com) in edited excerpts from his original article* entitled COMMODITIES: ANOTHER LEG UP/GOLD SET UP FOR A FINAL TAKEDOWN.

 [The following is presented by Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.]

Connor goes on to say in further edited excerpts:

Gold

Notice [in the chart below] that gold’s yearly cycle is left translated. Left translated cycles more often than not make a lower low.
summer correction
You have to hand it to these guys; they have played the metals market perfectly over the last year and a half. They managed to manufacture a completely artificial bear market, and now that they have turned gold’s intermediate cycle back down they have set the stage to take gold down to $1050 this summer which has been their goal all along.

I think the motivation for this is the same that it has always been. The profit potential after releasing the gold market is much greater from the $1000 level than it is from the $1800 level. Make no mistake, the entire purpose of this year and a half long bear raid has been to manufacture a lower D-wave bottom, thereby increasing long side profit potential. In the process they’ve managed to also make some good money on the short side. I think they have also intentionally damaged the physical supply side of the metals market knowing that that would exacerbate the rally once the manipulation is removed at the yearly cycle low, and the secular trend is allowed to resume…back to $1800-$2000 over a 4-6 month period.

I think over the next three months J.P. Morgan, HSBC, and Goldman Sachs are going to stretch the rubber band so tight in the metals market that when they finally release it it’s going to generate a surge comparable to what we just witnessed in the coffee market. Unlike the coffee market though, the metals market is big enough that these players can take large positions and make serious money off of that move.
gold yearly cycle low and snap back rally
 GDX

As you can see in the chart below, any time over the last year and a half that the GDX has dropped below its 10 week moving average, especially if it occurs late in an intermediate cycle, it has almost always signaled that an intermediate degree decline has begun so I wouldn’t get my hopes up that the banking cartel is going to release this market and a third daily cycle is going to recover to new highs…

Notice how the mining stocks are still making lower intermediate lows, and lower intermediate highs. The sector needed to move above last August’s high in order to confirm that the bear market was over, and the cartel aborted that move before it could happen.

gdx weekly
My Recommendation
  • Once gold does get a bounce out of the impending cycle low I intend on taking a large short position in mining stocks to play that move into the yearly cycle decline.
  • For now, though, I continue to recommend staying on the sidelines in this market, and I would strongly discourage trying to catch the bounce out of the impending cycle low. We simply have no idea when the cartel is going to allow that to happen. It may start on Monday, or it may begin once gold tags $1280, or the cartel could even drag gold all the way back to $1250 before they allow a short-term bottom to form and gold to generate a dead cat bounce.

Predicting where this market is going to go in the short term would require inside information as to the banking cartel’s intentions next week. Unfortunately I doubt they are going to send us a memo on that. However I think we can probably assume that the third daily cycle, once it rolls over, is going to be devastating to the precious metals market and I expect we will also have a fourth daily cycle before the yearly cycle low is complete. That fourth daily cycle will probably take gold back down to $1050 and a final bear market bottom if the cartel has its way.

Conclusion
While I know this is tough to hear, as most of you are gold bugs, I am confident that the banking cartel has a purpose, and that purpose is to set up what will probably be one of the most lucrative long side trades in the metals of this entire secular bull market. Our job right now is to be patient and wait for that yearly cycle low later this summer. I think that low is going to drop at least down to retest $1200, and if the cartel has its way, they will push gold back to $1050 before this is over.
[Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.]

*http://goldscents.blogspot.ca/2014/03/commodities-another-leg-upgold-set-up.html

Supporting Articles by Toby Connor:

1. Stock Market Will Collapse In May Followed By Major Spike in Gold & Silver Prices! Here’s Why

The unintended consequences of five years of QE are coming home to roost! In May or early June the stock market parabola will collapse…followed by a massive inflationary spike in commodity prices – particularly gold & silver – that will collapse the global economy. Read More »

2. Get Ready to “Put the Pedal to the Metal” (Gold & Silver)! Here’s Why

Over the next couple of months everything should generally rise together but once the dollar puts in an intermediate bottom sometime in March or April, commodities and gold will move down into an intermediate correction as the stock market completes its final blow off top. After the stock market parabola collapses later this summer it will be time to put the pedal to the metal in the commodity markets, and especially the precious metal markets as the Great Inflation begins in earnest. Read More »

3. Stock Market Bubble Going to Burst & Unleash Destructive Forces on Global Economy

The Fed has manufactured a parabolic move in the stock market…which is much more aggressive (and thus even more unsustainable) than witnessed at either the 2000 or 2007 stock market tops. Parabolas always collapse – there are never any exceptions – so when the pin finds this bubble it’s going to take down not only our stock market, but unleash a destructive force on the global economy. Read More »

Other Related Articles:

1. Noonan: Forget About $5,000+ Gold; It Ain’t Goin’ Happen Any Time Soon!

Tell us where in the charts below there are any indications that the “true” value for gold should be in the $5,000 – $10,000 per troy ounce range, or silver in the $100 – $300 range. If you see extraordinary bullish signs within them, let us know, because we certainly keep looking and cannot find any needle in these “haystack” charts! Read More »

2. Gold Dropping to $900 & Silver to $15 In 2nd. Qtr. of 2014 Before Going Parabolic!

Back in early May, 2013, I correctly forecast the lows in gold & silver which occurred 2 months later. Today, my new analyses of gold & silver indicates they both will show further weakness during the 2nd quarter of 2014 before both jumping dramatically in price before the end of 2014. Below are the specific details of my forecasts (with charts) to help you reap substantial financial rewards should you wish to avail yourself of my insightful analyses. Read More »

3. “Golden Cross” Suggests MUCH HIGHER Prices Coming for Gold, Silver & PM Equities

History is testament that there exists monumental probability (76% to 100%) that 2014-2016 will witness impressive gains for Gold, Silver and Precious Metal Equities…across the board. Below are charts of 8 different forms of precious metals assets that show that Golden Crosses are a fait accompli or are about to experience imminent completion thus heralding an immediate new Bull Market and that the forth-coming secular bull markets in all forms of precious metals may well far surpass the forecasts herein stated. The focus of the following analysis is to prove the predictable accuracy and timing of the The Golden Cross. Read More »

4. Gold Price Forecasts (Update): $5,000 to $11,000 In 2 to 5 Years

During 2011 into 2013 I kept a record of those individuals who expected gold to rise substantially in the coming years and presented updated summaries in a number of articles (see links below). Below are additional or recently updated forecasts by 11 prognosticators whose projections are surprisingly consistent, on average, with previous such estimates. Read More »

5. Gold Going Parabolic In 2014 – Here’s Why

We are now starting the hyperinflationary phase in the USA and many other countries – and this will all start in 2014. What will be the trigger? The answer is simple – the fall of the U.S. dollar. Read More »

 

One comment

  1. One possible explanation for a dramatic PM Reversal, done in 2 Phases:

    Phase 1. The BIG Boys push the price of PM’s as low as the Global Market will bare (pun intended) which allows them to acquire as much of it as they can at ever decreasing prices.

    Phase 2. The BIG Boys now simply stop manipulating PM’s value downward and then smile as PM’s make a huge rebound, which will make all their PM’s holdings far more valuable!