I will go out on limb and say that, “something big is about to happen!!!” It is unclear to me as to the timing but the signs are already there in the marketplace.”
I will go out on limb and say that, “something big is about to happen!!!” It is unclear to me as to the timing but the signs are already there in the marketplace.”
I agree with him and believe there will soon be some big moves for gold stocks, especially heading into 2014 – the question is, which way will they move?
We’re soon heading into what is sometimes referred to as the biggest delivery month for gold and silver, December.
I am not sure how this will play out, especially considering that we’ve seen so much peculiar manipulation-like trading in gold. But I do know that the last time gold fell below $1300, we witnessed a massive rush of buying support from the physical side (see Mother of All Bubbles).
Worldwide gold production will also come to a halt with gold prices below $1200 – especially if energy prices remain the same.
Short term prices are hard to predict, but there’s strong support as gold moves lower.
Keep a very close eye on gold stocks.
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