The GOLD PRICE could hit $ 1,050 if it mimicks the last run..

The last bull run after consolidation advanced in 5 clear waves with two noticeable corrections.

Gold went 1.59 x the base of 460 before a period consolidation which we have recently finished.

This time as Jim Sinclair mentioned the base is 660. A multiple of 1.59 x the base of 660 gives you a possible target GOLD PRICE of $ 1,050


BILL MURPHY TODAY ( Oct 31, 2007)

At Gold Rush 21 Sprott’s John Embry, Wits Gold chairman Adam Fleming, and I (among others) predicted we would see $3,000 to $5,000 gold, which was $436 at the time of the conference. If you have not ordered the DVD of that conference for a lousy $20, you are making a big mistake. Most of the speakers laid out what was going to occur gold price wise and WHY … reasons not explained ANYWHERE ELSE IN THE WORLD!

To view the 2 minute trailer of the 24 minute highlight film, go to www.GoldRush21.com.

31 Oct 2007

Wave 5 of the GOLD PRICE is coming

A bear trap is possible.. I understand these words Jim Sinclair speaks very well.

"The fact that you tend to see gold come into the market prior to a Fed meeting basically says that…and truthfully, whenever the chairman is speaking or the president is speaking you’ll notice gold is standing –either standing still or going down because you must never make the head man look stupid. And gold going up against the speech of everything in control would obviously put a big question mark on it.

So, yeah, that’s kind of common. It hasn’t had up to now any significant effect on the trend and won’t have any significant effect on the trend in the future. And if the dollar happened to be falling they’d make every effort to stop that but look at the size of it now. Look at all of the people who wish to diversify.

So the ability to be able to manipulate the dollar is almost now gone. And if you can’t manipulate the dollar then all you can do is create a day or two blip in gold because in truth the dollar is the currency and is without any doubt in inverse relationship to gold which is simply not going to change".

Jim Sinclair

www.jsmineset.com

http://www.financialsense.com/fsn/BP/2007/0915.html

Looking for the NEXT GOLD PRICE resistance ?

On a monthy chart there isnt one. Gold has made a blue sky break out on a monthly chart.

The sky is the limit literally..

Recent GOLD PRICE rise will ignite Wave 3 in shares..

The recent Break out in the gold price from its 14 month consolidation period obviously catches the publics attention, well a small percentage of the public so far. But that is how advances work

Elliot wave says the first wave is the smart money moving in, the third wave is smart money plus trend followers the 5th wave is the last advance where the last of the public moves in before consolidation.

Wave 3 from the previous break out in late 2005 was where gold stocks soared, going anywhere from 2 - 5 times or more.

I like to think of wave 3 as the money making wave..

The Gold Price could soar after 1,000 is achieved..

Back in late 2005 I was fully invested in Gold and gold shares, just waiting to get my hands on a copy of Goldrush 21 after seeing Bill Murphy on ROB TV, now BNN in Canada. I started out as a technical trader and after listening to what Bill said, and doing some homework, I realized that gold should blow through 500 at a time when many said back then we wouldn't see 500 in our lifetime. As we approached 500 I never even once considered selling any gold or gold shares thinking that 500 was the profit taking time. I think @ $ 1,000 we will be in a similar situation.

GOLD PRICE correction will be quick

The Cartel did a nice job but it is a little too little and it is definitely getting very late.

Jim Sinclair's Gold Price projection.. moved up...

Posted on:
Friday, October 19, 2007, 4:28:00 PM EST

Jim's Mailbox

Dear Jim,

I cleaned the Formula chart up and accelerated the time like you suggested may be possible

A close look shows even though 1650 is a great appreciation from here and now, scary moments will exist! (Money management emotional control like Jesse says).

Alex

Believe me Jim Sinclair learned from the Best

Click here for a BIO of Jim Sinclair and his dad

www.jsmineset.com

The GOLD PRICE could bounce over 800 in the coming weeks..

The cartel took advantage of some general market weakness to attack gold today. But dont be suprised if it doesn't last. We could easily bounce off the monthly trend line and shoot over 800 in a week or two..

The GOLD PRICE could leap higher here..

The gold price could simply leap higher here proving the new channel for this up-leg is accelerating

Gold Price may steepen Cartel is in Trouble..

If we react from here and head higher .the cartel will have shown a huge weakness

Because a significant reaction higher from here and now at 755 area sets trend. A steep trend..

My friend Bill Murphy, who is one of the co-founders of GATA and also the proprietor of www.lemetropolecafe.com, has been writing for weeks about the potential for what he calls a “Commercial Signal Failure”. In his last letter yesterday he wrote: “We are getting closer and closer to that Commercial Signal Failure, so long touted here. All that means is at some point various commercial shorts will not be able to hang with their positions due to mark-to-market losses. At that point they will be forced to cover, sending the price of gold even higher, maybe sharply.” I think this Commercial Signal Failure has begun.

http://news.goldseek.com/JamesTurk/1192633380.php

James Turk

Focus on the Upper Trend line in a bull market. not the lower..

I do not have a doubt in my mind that silver will make
all time new highs therefore to see silvers potential
short term I look at the upper trend line as guidance
in the medium term.

How High can the Gold Price go?

The Previous Gold Bull Market went 24 times from the bottom to the peak
that would take this bull market to a high of 6,000.

Gold Price has changed to the fast lane..

Now that gold has broken out it searches for the 50 day moving average for support.. where we touch n go will set the speed for the next rise!

WHY is THE GOLD PRICE SOARING

Homework has never been easier..

www.goldrush21.com

The Inflation adjusted GOLD PRICE will be acheived by Education, not a Catalyst

Thanks to GATA gold set off on its run to achieve its true inflation adjusted price. Today by many measurements its north of $ 2,000 dollars US.

With the global money printing going forward you know GOLD will not peak there.

www.goldrush21.com

Silver coming alive here..

Silver shaping up nicely here.. after a break out of its 10 month downtrend.. Silver is forming a very bullish flag pattern.. looking to attack the 14.50 level..

Gold Price advancing very strong.. forming a bullish pennant pattern

Pennant Patterns in a Flag pole formation tend to be very bullish.. many who missed the the concept of the breakout will not wait for a correction.. this forms a pennant shaped pattern.. The Gold price could very well advance sharply to the 760 area.. then on to 800.

Gold Price Projection.. this will be your last chance

This is my conservative view.. its your last chance to jump on this bull before $1,000 without having the AM I CHASING IT feeling

Gold Price forms a HOOK N GO Pattern

The Gold price taking out 700 dollars in its recent move marks a
significant achievement . Technicians noted that 680 - 690 was the
great level of Resistance and once that level was taken out Gold cleary
marked the end of a 14 month consolidation phase and a return to the
bull move.

the consolidation pattern that resembles a triangle or a large pennant
also known as a continuation pattern was more bullish than the last breakout
in late 2005. After a break out from these pattern buyers that missed
the move wait for any weakness to get back on to the bull

in the previous breakout you will notice it will look like a hook pattern

Gold is going for the touch down..

Gold Price adjusted for inflation.. REAL INFLATION..

Gold Price real highs adjusted for real inflation statistics
Not the Hedonically adjusted Government CPI

chart from John Williams . Shadow Stats..

Equity check after recent gold price rise..

In a recent Interview Between Jim Sinclair
and Jim Puplava :


Here are the KEY POINTS about the shares...IMHO

---

JIM SINCLAIR:

The answer to your question about where the relationship between the stock market and gold shares is really a question of how many people are both in equities as well as in gold securities. And it is also a question, in this unique environment, which way is gold going to go. So it’s a two-part question.

And there’s no denying a significant down in the US equity market would put a temporary psychological pressure on the gold shares.

......

I don’t think in truth that should challenge the gold shares because how many out there are really long a lot of equities and a lot of gold simultaneously?

I don’t think the listeners would all be raising their hands. I don’t think you find funds that are in that condition. I think that’s a condition that would be better described as a mental condition more than a real condition.

http://www.financialsense.com/fsn/BP/2007/0915.html

Don't Miss Bill Murphy on On GOLDSEEK RADIO

http://radio.goldseek.com/

2nd Hour:

Bill Murphy:

GATA & LeMetropole Cafe-

Bill Murphy, GATA Chairman

Murphy grew up in Glen Ridge, N.J., and graduated from the School of Hotel Administration at Cornell University in 1968. In his senior year he broke all the Ivy League single-year pass-receving records. He then became a starting wide receiver for the Boston Patriots of the American Football League. He went on to work for various Wall Street brokerage firms and specialized in commodity futures. He began as a Merrill Lynch trainee and went on to Shearson Hayden Stone and Drexel Burnham. From there he became affiliated with introducing brokers and eventually started his own brokerage on 5th Avenue in New York. He now operates an Internet site for financial commentary, www.lemetropolecafe.com.

To view. a few more Loses by the Gold Cartel:

Agnico - Eagle showing the GOLD stocks the way

Look for most Gold stocks to follow Agnico-Eagles
lead....

I bet we see 900 Gold Price by December

CITI .raises its GOLPRICE Forcast to $ 1,000.oo

cartels trick "push gold under the RUG"..

Push Gold under the RUG TRICK..hahaha
not working that well is it Paulson !!

Doubling time ?? 1979 AGAIN ??

Expect the rate of nominal gains to accelerate!! like all bullmarkets

Show me a gold Bull market in its early stages.. that doesnt
accelerate and go parabolic!!

Anatomy of a GOLD BULL move..

Next GOLD Target .. 760 Area