Signs the Gold Price is About to Make a Transition

Technical signs the GOLD PRICE is now entering a powerful bull move includes a break above a recent downtrend line accompanied by a higher low from the $850 low made during the first week of May. This breakout can be accompanied by a correction to around the nose (910) but then a powerful advance should be accompanied shortly after. I am looking for a powerful crossover in the MACD indicator.

This bull move could easily be one of the most powerful bull moves since Gold started its Bull Market phase back in the year 2000.

The GOLD PRICE, still way below its inflation adjusted value of $2,200.00 (minimum) may surprise many on how fast this gap may be closed as the realization that GOLD is becoming more of a currency and shedding some its identity as a commodity.

For a review of the GOLD STAGES: (Author Jim Sinclair) www.jsmineset.com

Note: Any failure for the dollar to find support @ 71.10 could ignite the gold price dramatically here:

Gold Price Accelerating vs Time?

The trend for the gold price is obviously heating up. Last August when Central banks slashed rates and were willing to accept non performing OTC derivatives on their balance sheets to avoid a collapse of the financial system you knew the gold price was going to go parabolic.

As The Fed continues to monetize debt and flood the world with money, (M3 now hidden) I expect the gold price to continue its accelerating uptrend until it finds its inflation adjusted levels. For now I'm accumulating and sitting tight for a few years still before I sell any gold.

Gold Price Today is Truly a Golden Opportunity to Accumulate

As I mentioned to Jim Sinclair today on www.jsmineset.com this has to be a golden opportunity to add to your bullion holdings.

I see a reverse head and shoulders in the making. This would make for a small bear trap of the trend line in orange which should make the fans of intervention very happy in the short term anyway!


Jim,

This has to be as good as it gets for those who didn’t have the courage to buy at $850, the point you told us many times was the end of the fishing line.

At $1,200 Gold we will look back at the Gold chart and realize this was a golden opportunity!

CIGA Alex

Note on the US DOLLAR INDEX,

I don't rule out short term intervention to bend the charts but I do rule out success on any long term basis.