Time to Buy, Buy, Buy

By Toby Connor, GoldScents
GoldSeek.com
Sunday, 4 November 2012

If you aren’t already in, Monday or Tuesday should represent an exceptional buying opportunity as gold moves into its final intermediate cycle bottom.

Now that the 38% retracement has been breached I would look for a final exhaustion move to test the 50% level early next week as we move into the elections.

At that point sentiment should be completely washed out and gold will be set up for an explosive move to test the all-time highs by the end of the year or early January.

Miners should deliver even bigger gains as I expect them to break out of the bull flag that’s been forming over the last 4 weeks and generate a 25-30% rally to test their all-time highs.

The Rest…HERE

This entry was posted on Sunday, November 4th, 2012 at 12:16 pm and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed.