The Gold & Silver ‘Washout’ began with a Short Squeeze.
Continue to expect a higher price target this month as the short squeeze is not over just yet!
After the coming Summer Low, the ‘Washout’ ends with a Moon Shot to $2000 before Year End!
Submitted by Bo Polny:
Gold exploded higher Thursday closing up $42.80 on the day at $1320.50 squeezing all the Gold and Silver shorts!
The Gold & Silver ‘Washout’ began with a Short Squeeze that will run into a June Intermediate Turn Date top and to be followed by a reversal back down into a Summer Low, a Long Squeeze on all who buy this ‘False’ Breakout.
After the Summer Low, the ‘Washout’ ends with a Moon Shot to $2000 before Year End!
Cycles precede all Events and yesterday’s 6/18 FOMC announcement (an Event) changed NOTHING as we all see today!
The current Gold Cycle is UP into an Intermediate Cycle Turn Date top that arrives before the end of June 2014.
Expect Gold to climb until the June Cycle Turn Date top arrives. Continue to check back throughout the month of June at www.Gold2020Forecast.com and the June Cycle Turn Date Top will be posted when that exact day arrives.
This coming June Cycle top will be the Final Turn Date to be posted.
From the New York Kitco Interview, Gold is expected to ‘rise in May/June and make a TOP in June before a final Summer Low’.
The forecast for a Top in June STANDS UNCHANGED! Gold broke through the Blue Line of Overhead Resistance as illustrated in the June 5, 2014 Gold chart update and also on Page 2 below and shot up today $42.80!
Continue to expect a higher price target this month as the short squeeze is not over just yet.
In Summary: Cycle analysis indicates the direction is UP in June, then back DOWN into a FINAL Summer 2014 Low.
This current June Break-Out is a ‘False’ Break-Out ending as a ‘Whipsaw’ back down!
My June 28, 2013 Gold Bottom call at $1180 will hold as THE FINAL BOTTOM; however following the expected June Cycle Turn Date top, I will comment on the Summer Low price target range. The expected Price Target and Date is exclusive to subscribers.
The coming summer low will be the FINAL ENTRY LOW and the ‘Buy’ of a Lifetime before a Moon Shot to $2000 by year end…something BIG must be coming!
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