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Gold & Silver Soar to New Multi-Decade Highs
Posted on 09/25/2006 16:38:46 | Link | Post Comment
0920 EST Friday December 09 2005
Good Morning: Amazingly, following our Groundbreaking Analysis and Theory on Gold revealing the possibility of a massive Deja Vu move a la what happened 26 years ago this week: Thus far Gold has adhered to our projected upward trajectory, very much in line with expectations and this morning Gold is almost six dollars higher and a close anywhere round here to higher today, is likely to set the stage for a strong to accelerating continuation of this trend next week and into the end of the year. A close anywhere between $550 to $600 by years end could create a repeat scenario of January 1980, when Gold soared to its all time highs at $875.
Already in the December 2008 contract we are trading at $630 per ounce and this is intuitive as it is indicating strongly that the path of least resistance is higher and the higher we go, the more vulnerable we become to some kind of amazing blowoff event that could involve numerous limit up days, ie days where the maximum permissible daily move in forward months is $25. The spot month has now limits, so if Gold were to rise $30 in a day, something that has not happened for at least a decade, if not two, then all of the outer months will be locked limit up, an extremely bullish condition and anyone who is short, theoretically are unable to get out unless they pay a huge premium in the spot month, which is now for all intents and purposes February 2006.
What is particularly notable and may not have dawned on many investors yet, is that Gold has a demonstrable habit of playing catchup over a period of months and years and amazingly, in the late 1970's it literally powered higher without interruption from a low point of $126 in November 1976 thru $875 in January 1980, therefore if we are to assume that the launch point was either $255 in 2001 or the $450 breakout in September 2005 or the $500 level as a starting point, what the Gold market is telling us is, we are headed dramatically higher, beyond most all current investor expectations. This move could be absolutely Gigantic. Suffice to say, it is tantamount to be exposed to Gold and the most highly leveraged way to do this is through Options, Futures or Junior Mining companies with proven in-ground reserves of Gold. More on this and ideas that Silver could soar to $15 plus in the coming months in a special report for Monday. Given the above, our interim Gold targets of $950 and $1785 are becoming increasingly plausible...
This weekend, CT will be writing a follow up column which details a few very intersting ways to profit from from this incredibly bullish run in Gold. Stay tuned...
Trade Well
From the Desk of Savant
Good Morning: Amazingly, following our Groundbreaking Analysis and Theory on Gold revealing the possibility of a massive Deja Vu move a la what happened 26 years ago this week: Thus far Gold has adhered to our projected upward trajectory, very much in line with expectations and this morning Gold is almost six dollars higher and a close anywhere round here to higher today, is likely to set the stage for a strong to accelerating continuation of this trend next week and into the end of the year. A close anywhere between $550 to $600 by years end could create a repeat scenario of January 1980, when Gold soared to its all time highs at $875.
Already in the December 2008 contract we are trading at $630 per ounce and this is intuitive as it is indicating strongly that the path of least resistance is higher and the higher we go, the more vulnerable we become to some kind of amazing blowoff event that could involve numerous limit up days, ie days where the maximum permissible daily move in forward months is $25. The spot month has now limits, so if Gold were to rise $30 in a day, something that has not happened for at least a decade, if not two, then all of the outer months will be locked limit up, an extremely bullish condition and anyone who is short, theoretically are unable to get out unless they pay a huge premium in the spot month, which is now for all intents and purposes February 2006.
What is particularly notable and may not have dawned on many investors yet, is that Gold has a demonstrable habit of playing catchup over a period of months and years and amazingly, in the late 1970's it literally powered higher without interruption from a low point of $126 in November 1976 thru $875 in January 1980, therefore if we are to assume that the launch point was either $255 in 2001 or the $450 breakout in September 2005 or the $500 level as a starting point, what the Gold market is telling us is, we are headed dramatically higher, beyond most all current investor expectations. This move could be absolutely Gigantic. Suffice to say, it is tantamount to be exposed to Gold and the most highly leveraged way to do this is through Options, Futures or Junior Mining companies with proven in-ground reserves of Gold. More on this and ideas that Silver could soar to $15 plus in the coming months in a special report for Monday. Given the above, our interim Gold targets of $950 and $1785 are becoming increasingly plausible...
This weekend, CT will be writing a follow up column which details a few very intersting ways to profit from from this incredibly bullish run in Gold. Stay tuned...
Trade Well
From the Desk of Savant
- The Ultimate Gold Hedge
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- A Pre-valentine's Day Rally
- Gold Soars As Wall Street Falters
- Dreamtime On Wall Street
- March 2007
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- December 2006
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- Ludwig von Mises Institute
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- Windy City Blues
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