I pay attention to this guys predictions,he's got a good record. So do many on Americas major PM forum. ......................... Cyclist Cyclist is offline Member Join Date: Oct 2006 Quote" The turndate for gold sits around the 15th of March,it has been basically coiling from the first week of January.I expect it to make a sharp upmove for a 2 week period,especially silver,after it might go sideways and lower into the end of April.This assessment needs to be more finetuned." ......................... Different Quote "Nothing has changed,flashcrashes will be the norm going forward. It will give you with the appropiate stops the opportunity to reload. The mega turn date sits in the first week of June. You are going to see wild rides until then." https://www.kitcomm.com/showthread.php?t=66577&page=133
How freaky ! is he a psychic or just a market reader? Thanks for the link, have bookmarked it and will be checking in to see how Cyclist pans out...
Just to keep up to date, Cyclist is now saying that he sees a reversal in the downtrend of the GSR coming early next week. Any thoughts?
The question is if he is right, is silver going down in price or is gold going to go up faster than silver?
Well silver has just had another quick run from the $36 platuea straight to near $41. So perhaps a little consolidation around the $40 mark with a next breakout heading to the hunt brothers high would allow Gold to make some decent moves (and it has! Up nearly $100 in a week!!!!!!!) which will obviously impact the GSR. People have gotten so excited over Silver's recent gains, they don't see that Gold has had a sharp move this week as well.
GSR expanding would indicate fear to me. Fear would mean the AUD would fall(being a gambled currency) So gold and silver might both rise in AUD even if they both fall in USD, however gold moreso.
I think what Cyclist is saying is that, as more people start looking towards tangible assets for purchasing power protection, the more interest gold will see as opposed to silver in the PM sector. This is based on the popularity of gold in the eyes of the general public. Silver is more quaint, that's why folks like us look to it first, because it is undervalued before the general public realizes that PMs are a way to protect its wealth. When the average Joe starts looking to PMs, gold will start to outperform silver, however slight it may or may not be.
Quote thread" Old 04-11-2011, 11:02 PM Join Date: Apr 2008 Posts: 1,362 Default Hello Cyclist, I remebered you mentioned to convert silver to gold starting from April 12st.. Do you think $42 silver is intermediate top ? What will be the pull back target zone ? Seasonally April is not a good month for silver.. Thanks "
Gents, another event that will likely push up the POO and POS will be the USA increasing their debt celing to around 14Tn dollars. further devalues the dollar This is going to happen in MAY so id suggest its going to be a month to be prepared for
Excuse my ignorance.. but what does that mean in n00b language? something along the lines of gold / silver prices are under priced and eventually rising further to meet the debt ceiling?
POO - Price of Oil POS - Price of Silver Debt Ceiling is like the US maximum credit limit. When they have to increase it, it looks bad for the economy. 14Tn - $14 Trillion
The debt clock is already over 14 trillion and needed to be rased well over 17 trillion not run out before the new US presidential election.
wow so what the hell is it going to be lifted too 18Tn? ie print an extra 3.7Tn dollars geebers the u.s is being annihilated
Well the GSR just keeps falling, no sign of a reversal, whilst the goverments manipulate the gold price the GSR will continue to plummet Source:
