Silver as an investment

Janet And Gold: Does History Rhyme?

news.goldseek.com / By: Stewart Thomson / 13 September 2016

  1. Good things come to those who wait, because patience is a virtue.
  2. Over the past few days, various Fed presidents and governors have made both hawkish and dovish statements.The US stock market and gold stocks have reacted violently to these statements.
  3. It’s important for all gold stock investors to understand that anything can happen at next week’s critically important FOMC and BOJ meetings.
  4. Ahead of those meetings, it’s clearly a time for patience.Once the meetings have been completed, institutional investors will begin to apply large amounts of liquidity to the markets, and a new intermediate trend will be underway.
  5. On that note, please click here now. Double-click to enlarge this daily bars gold chart.  I annotated this chart a week ago, predicting a rally to the trend line in the $1355 area, and then a pullback from there to $1325.
  6. To view what actually occurred, please click here now. Double-click to enlarge. Gold followed the exact trajectory I predicted.
  7. All that’s left now is for gold to stage an upside breakout from the drifting rectangle pattern, and begin the rally to my $1392 and $1432 target zones.
  8. That is unlikely to occur until next week’s FOMC/BOJ meetings are completed.

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