Preps and Solutions
(Sponsored Ads)
Block Cubed - Cryptocurrency and Blockchain News
  • “This News Is Massive” Unikoin Gold (UKG) CEO Responds To Supreme Court Ruling That Legalizes Sports Betting
  • Blockchain Smart Contracts
  • Understanding the Difference Between Proof of Work vs. Proof of Stake
  • 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
    The Daily Coin
    top Prepper Web Sites
    Featured Destinations
    The Liberty Mill
    Web Destinations

    Clarocet for Kids
    Silver

    Gold to Get Hammered Through July 23rd – Larry Edelson

    Mac Slavo
    July 10th, 2009
    SHTFplan.com
    Read by 591 people

    Larry Edelson, of the Uncommon Wisdom Daily blog, has issued a flash alert to subscribers of his Real Wealth Report indicating that gold support levels are breaking under $920 and we could see a drop to as low as $808. Mr. Edelson suggest gold can move hard and fast to the downside over the next two weeks.

    Larry Edelson is a long-term gold bug, with forecast price targets of over $2000 per ounce. He is also a student of cyclical events and a contributor to the Foundation for the Study of Cycles, so his issuance of an alert such as this is worth considering.

    (Excerpts from subscriber flash alert and recent video follow).

    Larry Edelson’s Realth Wealth Report Flash Alert:

    Make no mistake about it: I am as bullish as ever on gold over the longer-term. I fully expect gold to reach at least $2,250 an ounce in the next couple of years.

    But right now, gold is suddenly meeting up with some short-term headwinds. Indeed, on my technical trading systems gold has now flashed a daily sell signal by closing below $920.50 yesterday – and will further flash an important weekly sell signal if it closes below $916.50 on Friday.

    I suspect that weekly sell signal will be hit tomorrow, or latest, next Friday.

    In addition, my short-term cycle work is now also pointing to a decline, possibly a sharp one, into the July 23 time frame.

    Too soon to say for sure. But some preliminary projections I have suggest that gold could move down to major support, which now stands as low as $808. Obviously, that would be a rather big $100-plus drop from current levels, probably occurring in a very short period.

    Larry Edelson’s Real Wealth Report

    Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary.
    The Most Trusted Tactical Gas Mask In The World
    Please Spread The Word And Share This Post

    Author: Mac Slavo
    Views: Read by 591 people
    Date: July 10th, 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.

     

    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.