Goldman targets 1825 gold in 90 days

[fb101]

Then a sell off for the remainder of the year as the economy rebounds.

????
I guess the rebound comes from the 2% less all workers will have to spend this year?

http://www.bloomberg.com/news/2013-01-2 ... ation.html

Oh, yeah. and the word from London is the Gold bull is over, all is well.

[shinnosuke]

Does Larry Edelson have any credibility around here? He thinks precious metals are due a serious downturn. From his recent article:

Gold Still Has
Room to Fall

There’s not much happening there — just a little bounce higher. You can see that we remain below an important channel resistance and below an important cyclical trend channel. We may move a little higher to just back above $1,700 to test that resistance. But look at all the air down below here!

I maintain my view that the next great buying opportunity coming in gold will be at much lower prices, most likely during the first quarter of this year.

Gold Chart.png (127.38 KiB) Viewed 313 times

Same Story for Silver

Silver is really just sort of climbing along this lower support level. It’s trying to rally, but the rally is very meager. Once we break the support level down around $31.25, which I fully expect, there is a steep plunge coming. So my view has not changed one bit at all.

Silver by Edelson.png (126.25 KiB) Viewed 313 times

See it all here:
http://www.uncommonwisdomdaily.com/market-video-update-15601?FIELD9=1

[68Camaro]

When Edelson speaks of an end to the bull it's time to buy...

[Engineer]

When Edelson speaks of an end to the bull it's time to buy...

My thoughts exactly...but I'll extend it to all of GS's mouthpieces.

[fb101]

that downtrend line on the silver chart...... Wouldn't you think you'd need at least two top points to create a trend line?
What exactly is that - A random fibonacci point you just draw a line to?

[IdahoCopper]

Its all rigged and manipulated. Chart analysis is a waste of time.

[shinnosuke]

Its all rigged and manipulated. Chart analysis is a waste of time.

That's how I feel. And Edelson...that joker has been saying the same thing the last couple of years. I'm not sure that "even a broken clock is right twice a day" could apply to his prognostication. But then what do I know? I'm just a troglodyte who likes Atomic Number 47 and other barbarous relics.