Preps and Solutions
(Sponsored Ads)
Silver
Strategic Relocation
Recently Posted Articles and Videos
Ready Nutrition - Homesteading and Preparedness
Ready Gardens - A Ready Nutrition Company
The Daily Sheeple
The Prepper Website
SGT Report
SGT Report
top Prepper Web Sites
Featured Destinations
The Liberty Mill
Web Destinations

Clarocet for Kids
Silver

Gold Update: Edelson Says Still Bearish Short-Term

Mac Slavo
July 21st, 2009
SHTFplan.com
Comment (1)
Read by 94 people

Larry Edelson has updated subscribers to his Real Wealth Report about a continued downward short-term trend for gold, as discussed in his July 10th flash alert.

Excerpts from Larry Edelson’s July 21, 2009 Flash Alert:

Gold’s been defying the pull of gravity of late, bouncing strongly. And as bullish as I am long-term, all of my indicators continue to suggest that gold will first shake out to the downside.

So, despite the recent rally in gold, I remain short-term bearish.

The short-term cycles in gold still point lower into the end of July, early August.

As for what I’m looking at that would mark a line in the sand for this shorter-term forecast for the yellow metal: It would take a close in gold above $959.20.

Mr. Edelson’s downside target for the short-term is still in the area of $808 per ounce. It seems the cyclical forecasters like Mr. Edelson and Harry Dent Jr. are looking at very similar short-term trends. This morning, HS Dent Investments also issued an update to subscribers suggesting a pullback in the markets and an upward move for the dollar in the near-term.

If the dollar strengthens, we should not only see a pull back in gold, but commodities and the broader markets as well.

Because this is a short-term forecast for the next two weeks, we could see quite a powerful move to the downside if the short-term cyclical work of Dent and Edelson is correct.

Subscribe to the Real Wealth Report

Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary.
Gas Masks, Filters, Body Suits, Anti Radiation Pills
Please Spread The Word And Share This Post

Author: Mac Slavo
Views: Read by 94 people
Date: July 21st, 2009
Website: www.SHTFplan.com

Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.

One Comment...

Vote: Click here to vote for SHTF Plan as a Top Prepper Web Site
  1. Good technical post including those from Dent Jr.; you are “on the money” – EXCELLENT additions to your site!

 

Web Design and Content Copyright 2007 - 2015 SHTF Plan - When It Hits The Fan, Don't Say We Didn't Warn You - All Rights Reserved

Our Supercharged Intel Xeon E5-2620 v4 Octo-Core Dual Servers are Powered By Liquid Web

Dedicated IP Address: 69.167.174.108

The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.

SHTFplan is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.