Guys.
I predicted that gold was going to correct a week ago. This is because too much short positions were still there waiting to buy back with lower prices. Too much funds selling to grab their profits and pay lower taxes.
The fiscal cliff play is still on and the stock market is still in the highs. I don´t like it. So I guess the pressure on gold and silver may stay for a while. Also we have Europe drama that can be reactivated any time.
So I guess we should enjoy lower prices to keep stacking . I look for silver to buy if it get close to the 26 level.Maybe we never reach it.
Gold will have its prime time after the european crisis. We have also Japanese plan to print like crazy. this should help both dollar and gold .
stay tuned and only buy if it is really cheap. 2013 should be a crazy year.
MUST READ ARTICLES for Silvertards. From the argentinian bank analyst who has already been there when it hit the fan...twice
Ideas and comments from a unique perspective from the analyst who has already been there when TSHTF...twice.
Delicious collection of must-read silvertard articles.
email:strongman.shelford@gmail.com
Delicious collection of must-read silvertard articles.
email:strongman.shelford@gmail.com
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