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FSN: $1803 Is Where Gold Would Come Alive
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Rick Ackerman
RickAckerman.com
For gold investors, first the bad news – and let us be clear up front: it’s not really that bad. Notice in the Comex chart below that the price of gold has been meandering within a pennant formation for more than a year. You don’t have to be a technician to see that this could comfortably continue for some time – well into 2014, perhaps – before the converging lines of the pennant will narrow sufficiently to force gold to “escape” either up or down. You can relax about which direction is the more likely, since the pattern so far looks like a classic consolidation, tipping the odds toward a breakout rather than a breakdown.
Continue Reading at RickAckerman.com…
2012-11-14 01:42:32
Source: http://silveristhenew.com/2012/11/13/1803-is-where-gold-would-come-alive/
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