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Final gold and silver plunge coming up soon?
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[quote:Punk-A$$ets:MV8yMzkwMDI0XzQxNTY2NzAwX0VDMEJENzk=] Just for shits and giggles I call a possible bottom for gold and silver and commodities summer/fall of 2014. Why? I think platinum will once again signal the end of the perceived deflation and the commodities reflation trade will be reborn. Take a look at the arc on platinum. It bottoms out of the washout crash in 2008 and then rises up into a nice bounce which has been rolling over since commodities topped out in 2011. If you trace the highs of the arc from left to right you can see they point to mid+ 2014 for bottoming. http://finviz.com/futures_charts.ashx?t=PL&p=w1 A theory for how it could play out is we continue this commodity downtrend for another quarter or two and then we finally get a much needed broad market sell off in stocks ( just a serious correction) that causes the baby to get thrown out with the bath water so to speak and that could mark the true bottom in the metals. When and if that happens I doubt people will run for safety in metals as much as they are currently despised. So they'll be sold too. But even after that bottom we could have subsequent bounces and retests that linger for another year thereafter. That actually sets us up nicely for Armstrongs gold rally at the end of 2015 and on into 2017+. [/quote]
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Still looking for $1000 gold/ $15 silver, give or take 10% before we really turn around these markets. Any fellow PM tards left? lol
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