gold bullA bull market in gold and silver has been confirmed, but no bull market is sustainable on a nonstop price spike. Therefore, it is not if, but when, a correction will begin. Bull market corrections can be very sharp but short-lived; therefore, the next cycle bottom could be an excellent entry point.

gold bullGold bottomed in December 2015, after a much-anticipated Federal Reserve interest rate hike – the first in 7 years.
Either way (hike or no hike), there is no place for the gold bull to hide. It took gold approximately 7 months to advance $250 and overcome major resistance at $1,300/oz from a bottom of $1,050. A reasonable target could be $1,550/oz ($1,300 + $250) by March 2017 – 7 months from now. Silver could follow a similar pattern with a near-term target of $26/oz…

goldGold has a “clear presence” to play in a world dominated with ‘global economic uncertainty”
My analysis shows that gold will be implemented to protect ‘global purchasing power’ and minimize losses during our upcoming periods of ‘market shock’

launch rocket verticalDuring its bull-market years, gold has always tended to enjoy massive autumn rallies.
The gold miners’ stocks have already enjoyed a phenomenal year, blasting higher with gold’s new bull market.  This sector’s market-dominating performance has been amazing.  Yet incredibly, the gold stocks are only now entering their strongest time of the year seasonally.  Historically during bull-market years the gold stocks have enjoyed MASSIVE autumn rallies on average, starting right about now which is VERY bullish…

Look at the gold price action while “deliveries” were taking place this year.
During the calendar months of February, April and June, the gold price has soared anywhere from 7% to 12%!
Could August be setting up for a similar move?

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I’ve got gold going to $10,000 now. So, I’m the guy with the highest price target out there…It could be a matter of weeks or a matter of years. This is one of these avalanche type event things. You don’t know when the snowflakes are going to hit. It’s going to be a change in psychology, a panic reaction, and it will happen very quickly…it could be a five-year play or it could be a one-year play depending on circumstances. I don’t really want to get into the timing of it except that the dynamic is set up for $10,000 gold…

Play

gold bullWith Gold and Silver Prices Breaking Out In a HUGE Upside Move, London Analyst James Turk Joins A Crucial Metals & Markets to Break It Down:
You Haven’t Seen Anything Yet – Real Move Begins After Silver Takes Out the $50 High…