The FO--SHO--BRO
For now I'm expecting the following to occur starting TODAY:
Let's start with the GOLD and SILVER fetish to get it out of the way:
GOLD and SILVER seem to have some analysts such as Dan Norcini identifying weakness in the market and a correction lurking here as a result of this last week's selling cycle. Nothing could be farther from the truth since this is nothing but market noise according to Mike Maloney and should be treated as such as the long term outlook of GOLD and SILVER remains very bullish.
Remember The FO SHO BRO
FO means fake-out
SHO means shakeout
BRO means breakout
Got that?
Today's charts start to print again 18:00 E.T. and I suspect the usual "FO, SHO, BRO" scenario to continue.
Having said that here are my near term price projections in a nutshell:
Gold won't go down and will actually rise above $2,000 very soon moving much higher in early 2013. SILVER will hit $40 by Christmas/New Year's and certainly no later than the first calendar week of January 2013. After that SILVER will breakout above $50 and approach $75 by May 2013.
You heard it here first on The News UNIT. Now mark this post.
FINANCIAL DISCUSSION DISCLAIMER:
I am an individual investor, not a licensed investment
advisor or broker dealer. Investors are cautioned to perform their own due
diligence. All information contained within this report is presented as-is and
has been derived from public sources. Always contact a
financial professional before making any major financial decisions. All
investments have an inherent degree of risk. The future is uncertain, and
actual results may be materially different from those expected. Past
performance is no guarantee of future results. All views expressed herein are
my own, and cannot be interpreted as the views anyone else. Presentation of information does not
necessarily constitute a recommendation to buy or sell. Never make any
investment without conducting your own research and reading multiple points of
view.
...developing...
