Gold Price has been the Star.. Silver is about to Shine

Gold has been the star, but silver is about to shine. Silver has room to run here in its effort to reach its historical norm. Whether we hit the low GOLD SILVER ratio of 15:1 is yet to be seen but I believe this ratio will fall. As Gold moves towards 1,000 simple math of a gold silver ratio could easily move to 40:1 which would give you a Silver Price of $ 25.00.. So its not a stretch to see Silver move 8 dollars higher here going forward.

You can now add silver via Gold Money, I dollar cost average monthly by adding to my account.

Gold Price target hasnt changed... The platform has

I need to quote Jim Sinclair here today. In doing so we are riding on the shoulders of a Giant in the gold market:

Gold is being influenced now by the magnet at $1,050 pulling from the front. Sellers exist at $950 to $960. The breaching of the $887.50 level multiple times as the gold price gyrated back and forth before reaching its present historic high is quite important.

Jim Sinclair
www.jsmineset.com

Gold Building a platform to run to $ 1,050.00

Gold will build a platform here around the 887 level to launch towards 1,000 dollars.. Any correction in gold from 900 + levels just works off any over bought technicals making the run for 1,000 smooth sailing.

Jim Sinclair's answer to the Question on the chart is

YES!

I would use corrections to dollar cost average here

Gold Price trying to continue out of Flag Pattern

Gold is trying tonight to continue its march higher. This recent bounce is once again creating a very bullish Flag Pattern.

Gold Price Surging on Fed cut.. takes out downtrend

Gold takes out downtrend on Fed Rate cut. Gold could consolidate creating yet another continuation pattern rising wedge. This would build a platform for gold to run to 1,000.00.

Gold Price reaction will be quick

The Gold cartel may target the trend line, but I am looking for a quick bounce to 960.

I would be using any correction as an opportunity to buy physical gold.

Gold Price Broke recent down trend.. 940 is on the Menu

Notice the powerful break of the recent downtrend. 940 Maybe in the cards sooner than later.

Gold Price set for quick shake out before 1,000 target

We have had a variety of corrections lately, the ABC and then consolidation. This time I see a fast shake out before we run to 940. Hang on tight and use the opportunity to dollar cost average.

UPDATE:.. Jim Sinclair's comment on my correction to 850... and I quote.. "worse case scenario" .. So I stand corrected .. sorry for those hoping to get in down there. :)

Gold Price could push higher here

Gold looks like it is ready to push higher. This consolidation pattern should have been the necessary platform to push gold to the 880 area.








Great way to dollar cost average

Medium Term Upside Gold Price Target 950

My Medium term price target for Gold in the First half of 2008 is 950 USD.