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Gold Markets At A Crossroad – What Now?

Commodities / Gold and Silver 2011 Feb 09, 2011 - 06:08 PM GMT

By: Dudley_Baker

Commodities

Best Financial Markets Analysis ArticleWe are very bullish for the long-term for the resource sector, i.e., gold, silver and the resource shares. However, we need to live life and the markets in real time and the question is where are we now and what should investors do, if anything?

The big question mark is for the short-term (several weeks) and the immediate term (1 – 3 months).


One very simple tool which will frequently keep you on the right side of the markets is the 50 day moving average.

Gold and the shares as presented by the HUI (Gold Bugs Index) and the GDX (Gold  Miners Index) broke below the 50 day M.A. early in January.

The current rally we have been expecting has now brought the prices back up to the M.A. and the question is: What Now?

With many of the technical indicators overbought on a short-term basis we think there is a high probably of gold and the shares resuming their downtrend soon.

Investors should consider raising some cash or be mentally prepared for the possibility of a significant decline in their portfolios.

Cash will be king in the next few months to take advantage of what we believe could well be the greatest buying opportunity for the resource shares before the next major up leg.

A couple of simple charts on gold and the HUI will allow you to see what we see and decide for yourself the degree of risk.

There is a strong possibility of gold returning to the $1220 range over the next 3 to 6 months.

Again, we stress our views that any correction will be within the framework of the long-term bull market and give investors a great once in a lifetime buying opportunity.

Patience and cash are the keys to your future success.

For those readers unfamiliar with our services we provide:

1. An online database for all warrants trading on the natural resource companies in the
    United States and Canada. Our database is the most comprehensive database that
    you will find.
2. In addition for our Gold Subscribers we provide:
    A. "A Look Over My Shoulder" - This is my entire personal portfolio and I provide an
         audio update each Thursday evening and emails as I buy or sell securities or
         warrants. Each subscriber can decide whether to follow me but this is your
         decision and we suggest that subscribers do their own due diligence before
         buying any securities.
   B. Insiders Trading Data:
       We track the insider trading on the Canadian Securities and issue BUY and SELL
       Alerts as we deem necessary. We have a great track record of approximately
       100% gains on all closed trades.

We encourage all readers to sign up for our free weekly email.

Dudley Pierce Baker
Guadalajara/Ajijic, Mexico
Email: support@preciousmetalswarrants.com
Website: PreciousMetalsWarrants
Website: InsidersInsights

Dudley Pierce Baker is the owner and editor of Precious Metals Warrants and Insiders Insights. Articles are written by Dudley Baker along with contributing editors, Arnold Bock of Mendoza, Argentina and Lorimer Wilson of Toronto, Canada. PreciousMetalsWarrants provides an online subscription database for all warrants trading on junior mining and natural resource companies in the United States and Canada and a free weekly newsletter. InsidersInsights alerts subscribers when corporate insiders of a limited number of junior mining and natural resource companies are buying and selling.

Disclaimer/Disclosure Statement:PreciousMetalsWarrants.com is not an investment advisor and any reference to specific securities does not constitute a recommendation thereof. The opinions expressed herein are the express personal opinions of Dudley Baker. Neither the information, nor the opinions expressed should be construed as a solicitation to buy any securities mentioned in this Service. Examples given are only intended to make investors aware of the potential rewards of investing in Warrants. Investors are recommended to obtain the advice of a qualified investment advisor before entering into any transactions involving stocks or Warrants.

Dudley Pierce Baker Archive

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Comments

Kukanur fs
10 Feb 11, 01:56
Forecasting of GOLD PRICES

Respected Sir,

Considering the following points....gold will seems to be bullish.........

1.Festivals & marriage season in India & China

2.Printing of huge currencies by USA shortly

3.Overall curve of DEMAND against SUPPLY & Cost of production..........

5.Not solved EU,Middle-East,Eqypt.....etc problems.....

In addition to the above your Graph show some where will be strong possible twds.........1220 dollar.....In this regard not mentioned sufficient justification ....so please provide at the earliest & oblige....

Thank u very much

kukanur fs


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