The Gold Price for the Next 16 Years

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Originally Posted by Sparky

OK, I see what you m ant Neuro. I was only looking at the big one. I've drawn the small in purple, and the big in teal. My line puts the bigger breakout down near $1675, but there's a lot of latitude in drawing big pennants.

Attachment 3512

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Getting close to the breakout of the larger pennant, now then! But I wouldn't be surprised if it takes a few weeks before reaming...

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Originally Posted by Neuro

Getting close to the breakout of the larger pennant, now then! But I wouldn't be surprised if it takes a few weeks before reaming...

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Just touched $1675 this morning. Let's see if it deflects back downward, or is able to break through.

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Originally Posted by Sparky

Just touched $1675 this morning. Let's see if it deflects back downward, or is able to break through.

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Now in the low 1670's again. Wouldn't be surprised if it goes down to $1640 once before charging through...

the Cartel worked very hard to push silver into the $27's and gold below $1600.

looks like they've been resting recently.

next week is options expiry.

i think they'll make another push, and try to get gold down to $1620 and silver back to the $28's.

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Originally Posted by Neuro

Now in the low 1670's again. Wouldn't be surprised if it goes down to $1640 once before charging through...

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Perfect, gold bounced at $1644 yesterday, and cut through $1675 resistance like a hot knife through butter!

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Originally Posted by Neuro

Perfect, gold bounced at $1644 yesterday, and cut through $1675 resistance like a hot knife through butter!

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It seems to me that gold is like a loaded spring. As it ascends, a cascade of stops get triggered, automatically closing out shorts and driving the price even higher. If I were an institutional investor, sitting on bonds yielding nothing and stocks looking toppy, and 20-30% underfunded, I'd be looking at gold real hard right about now and asking myself "do I really want to risk missing this gold bull run? And what if my competitors jump on board and I don't." Obviously, being a gold bug I am prejudicial for gold. But, if gold continues to climb next week and breachs 1700, then I think the institutional managers are going to start buying gold. If that happens, gold will move to $2000 and beyond within weeks.

gold will absolutely be $2,000 by year's end. wish i had some :(

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Originally Posted by chad

gold will absolutely be $2,000 by year's end. wish i had some :(

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There is a silver lining: gold will do very well but silver is going to do spectacularly. Silver will outperform gold. When gold hits $5000 and silver hits $250, if you feel the need then that is when you should trade some silver for some gold.;D

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Originally Posted by mamboni

There is a silver lining: gold will do very well but silver is going to do spectacularly. Silver will outperform gold. When gold hits $5000 and silver hits $250, if you feel the need then that is when you should trade some silver for some gold.;D

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noted good doctor :D

Looking at the Chart, above it looks like we will encounter some resistance at around $1760, and then later around $ 1800, on the move up to $1920 and beyond... But so far almost a perfect parabolic rise since May this year!