Welcome To The 300 Club HUB On AGORACOM

We may not make much money, but we sure have a lot of fun!

Free
Message: Re: Will GOLD Take Off?? or SILVER ??

Breaking through 13.75 is the second last stage before I think it can take off ... that has to become the support level for the last stage before a real take off can occur.  If it holds there then breaching 14.70 (MAY 2013 high during the downturn/bear) and then holding its position there would suggest the next bull or the next leg of the longer term bull.  Of course it is all subject to manipulation, but the geo political, economic tensions are rising and the market could explode.  Although it would be nice to see some of the miners I have held and never capitulated upon regain some value , I do not see much of a change in my lifestyle ...  It could also be the beginning of some very tough economic conditions worldwide. For real breakout in silver I think we need to see the $14.70 breach and than watch out as it will likely out perform gold give the gold/silver price ratio. If I have capitulated on my belief in precious metals, it would be that this could happen, take 5 years, 10 years or after I am no longer around to witness it, but I remain as resolute as ever.

P.S. if gold explodes TNX is in a good position to take off ... massive drilling program has proven a viable open pit (even at today's pricing), a very limited drilling for a meaningful underground deposit has shown some positive results ... There are some significant similiarities between the TNX underground stake and another monster deposit in Tanzania. Do your own DD!  

Orgy

 

 

Share
New Message
Please login to post a reply