The BOTTOM forecast: Gold US$900, Silver US$13

L

leon1998

Member
Gold target of US$900 is a measured move since it broke below a descending price channel. The thickness of the channel is about 200 US$, and the breaking point was about 1100 US$. If assuming a GSR of 69, this means Silver US$13. Since the technical analysis was conducted in a weekly chart, the time line to reach mentioned target is projected to be several months (no more than half a year).

In summary, the best time to stack turn out to be Thanksgiving Day, again. :P
 
leon1998 said:
Gold target of US$900 is a measured move since it broke below a descending price channel. The thickness of the channel is about 200 US$, and the breaking point was about 1100 US$. If assuming a GSR of 69, this means Silver US$13. Since the technical analysis was conducted in a weekly chart, the time line to reach mentioned target is projected to be several months (no more than half a year).

In summary, the best time to stack turn out to be Thanksgiving Day, again. :P
Click to expand...

Here we go again.....lol

$950 / $13.50 is my target :p
 
For silver stackers, it is probably a good time to start when spot falls below US$14. It is very possible that when spot goes to US$13, the premium might be sky-high already. So between 13 and 14, if you can find a good deal, then load up your wheelbarrows.

For gold buyers, it is still too early to buy. Have some patience. :P

-j-p-shmorgan said:
leon1998 said:
Gold target of US$900 is a measured move since it broke below a descending price channel. The thickness of the channel is about 200 US$, and the breaking point was about 1100 US$. If assuming a GSR of 69, this means Silver US$13. Since the technical analysis was conducted in a weekly chart, the time line to reach mentioned target is projected to be several months (no more than half a year).

In summary, the best time to stack turn out to be Thanksgiving Day, again. :P
Click to expand...

Here we go again.....lol

$950 / $13.50 is my target :p
Click to expand...
 
Everyone listen up and take this advice!
Or check out his "counter-trend" thread he made 4 days ago where he says silver & gold are set to rally!!!! lol

Looks like you got a 100% chance of being right Leon. :p
 
A counter-trend rally is just a bounce / short-covering that I was expecting. After that's done, final dive will start :D

Counter-trend is NOT trend-reversal. :cool:

-j-p-shmorgan said:
Everyone listen up and take this advice!
Or check out his "counter-trend" thread he made 4 days ago where he says silver & gold are set to rally!!!! lol

Looks like you got a 100% chance of being right Leon. :p
Click to expand...
 
what i don't get is why leon and any other forecaster are wasting their time posting their predictions on a forum instead of making millions?
 
Phiber said:
what i don't get is why leon and any other forecaster are wasting their time posting their predictions on a forum instead of making millions?
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Maybe because he is just a troll as often points out?
 
Caput Lupinum said:
I predict gold will either go up in value or quite possibly go down
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I will have to agree with you Caput.
In fact i have 1000ozt thats says you are correct.
Anyone want to take the counter side of this bet?
:-:
 
Phiber said:
what i don't get is why leon and any other forecaster are wasting their time posting their predictions on a forum instead of making millions?
Click to expand...

Gotta have money to make money!!! If I were a banker, I'd be doing just fine. lol
 
-j-p-shmorgan said:
Phiber said:
what i don't get is why leon and any other forecaster are wasting their time posting their predictions on a forum instead of making millions?
Click to expand...

Gotta have money to make money!!! If I were a banker, I'd be doing just fine. lol
Click to expand...
The thing is though JPM it is not the standard banker as we know it.
The people making the money at the banks are not the humble tellers or even owners that we deal with every day.
They are struggling to get a head just like everyone else.
It is the little shit bags in the penthouses and mansions that probably never even touch currency on a daily basis.
 
sterling-nz said:
-j-p-shmorgan said:
Phiber said:
what i don't get is why leon and any other forecaster are wasting their time posting their predictions on a forum instead of making millions?
Click to expand...

Gotta have money to make money!!! If I were a banker, I'd be doing just fine. lol
Click to expand...
The thing is though JPM it is not the standard banker as we know it.
The people making the money at the banks are not the humble tellers or even owners that we deal with every day.
They are struggling to get a head just like everyone else.
It is the little shit bags in the penthouses and mansions that probably never even touch currency on a daily basis.
Click to expand...

I meant a banker with power. :lol:
Of course it's all determined by the powers that be, and less determined by supply/demand
 
sterling-nz said:
Caput Lupinum said:
I predict gold will either go up in value or quite possibly go down
Click to expand...
I will have to agree with you Caput.
In fact i have 1000ozt thats says you are correct.
Anyone want to take the counter side of this bet?
:-:
Click to expand...


CJ will with sideways
 
Skyrocket said:
Phiber said:
what i don't get is why leon and any other forecaster are wasting their time posting their predictions on a forum instead of making millions?
Click to expand...


Maybe because he is just a troll as often points out?
Click to expand...


Well, if he's a troll, hes been predicting prices quite accurately! :lol:

I don't see any trolling, he's just calling the market as he sees it. A strong USD and falling precious metal prices.

I suppose Jim Rogers is a troll too. :p
 
His understanding on the downwards momentum shows his independence from the "gold to the moon, dollar to zero" movement.
If he hold his line for a little while longer, his 'prediction', for want of a better word will most likely occur.
It is after this, when others are calling $700.......what will leon1998 have to say?
I look forward to it. I find them entertaining and certainly not as inaccurate as some of the other bloggers.
We have to do something to amuse ourselves for the next......maybe 5 to 6 years before silver is back to its highs again.
 
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