Friday, June 28, 2013

Gold and Silver Markets Forecast

I commence with my gratitude to The Creator.

IS IT TIME TO BUY GOLD ?"


Gold has dropped to the price levels, that I was expecting to fall.

Of course, many people doubted, me as they were looking for a support level around $1,500 and were predicting that gold ( and silver) will rally from that level. They published their forecast, but they were proven wrong. Gold has dropped over $300 since my forecast.

Gold and Silver have fallen to the price levels, that I knew would come down to and it is happening right at the time cycle of June 27.

Therefore, it is time to buy gold and silver. They both shall rally at least for a week. Then if these lows made around $1,200 get tested and not violated, then previous metals shall experience strong rally.

29 comments:

Anonymous said...

AS USUAL..........Thanks!

Anonymous said...

BTE..........I am with you....rally to 1480 DEC GOLD!

beetlejuice said...

Thankyou Sir.

Astute and generous as usual.

Anonymous said...

Hi Mr. Syed, it would be nice some update for US indexs, anyway, thank you for sharing your knowledge with us.

Anonymous said...

It looks like 1200 will hold.

Anonymous said...

MS,

So we are what seems like another week of consolidation - in a holiday shortened week.

initially we broke down to 1600, rebounded and consolidated around 1640. then from 1640, we broke down to a lower low at the 1560's and rebounded to consolidate around 1600.

we seem to be in a series of lower highs and lower lows. Prices in the spx still need to break free of 1600, and break to a new low.

by the look of it, we have had a series of high volume distribution days since may 22 spx high, and no subsequent accumulation. we have had a series of lower highs and lower lows. this would seemingly indicate that a topping process is still underway in the market and the next large move in direction of prices is to the downside.

so we wait.

rich/

Anonymous said...

#1

Looking for metals to rally into late Aug early Sept...........

Anonymous said...

Money to soon be backed by precious metals again according to a an IMF whistleblower.

http://www.silverdoctors.com/world-bank-whistle-blower-precious-metals-to-serve-as-an-underpinning-for-paper-currencies/

John

Anonymous said...

Hi, where is your crash? please update, I'm sure there is a lot of people worried.

Anonymous said...

Look up Nesara. Some fake websites also. Some say it´s the name of the new monetary system.

Anonymous said...

#1

Start buying PUTS into this rally..........WORRY is a response to lack of knowledge! Learn to fish!

Anonymous said...

"Anonymous said...
Hi, where is your crash? please update, I'm sure there is a lot of people worried."

#1

LEARN TO DO your own work and show some respect! Syde has his own life and does not owe you a dinner......he has said many times there is NO need for an update! PAY ATTENTION and try studying!

Anonymous said...

Already fulfilling the brilliant prediction when others thought that this was just some suckers rally in Gold.

Anonymous said...

Gann say it is wise to sell at old top, S&P is gonna hit the top again.

Jeff Camp said...

Mehmood,

Do you think your July 17 CIT date will mark a significant high in the S&P 500? I've noticed big traders scaling out of the market the last several days. At this point, the 17th seems to be the date where the stock market will have little support to move higher. Thanks for your generosity in sharing your knowledge with others.

Anonymous said...

"Already fulfilling the brilliant prediction when others thought that this was just some suckers rally in Gold"

Not sure what chart you are looking at as you cheer! Time is not in yet!

andrey said...

Gann says a lot of things, u can't take witchever fits ur case, u must know all the rules, as he says.

Anonymous said...

Hi Mr. Syed , your call for a top was in may, now we are in july and this market doesn't fall. What does this mean? Is your time cycle annulled?

Thank you for your work.

Anonymous said...

#1

Bought PUTS on the close on Friday.........Watch the action now, major cycle in place!

Anonymous said...

So silver should increase 8%+ by the end of this week right?

Anonymous said...

so what now..?

HIN FAT CHAN said...
This comment has been removed by the author.
Wesley Li said...

Hi, Mr. Syed.
May we have your new update?
Did the rally ended last week?
Thanks.

Anonymous said...

Well Syed, it's been well over a month since you last posted. Hope you find time to provide some updates.

Karan Goda said...

i shorted silver at 21.4 please help me at 1:13 leverage :( now when will it resink

Anonymous said...

#1

Took profit FRI 8/16



"Bought PUTS on the close on Friday.........Watch the action now, major cycle in place!

Saturday, July 13, 2013 at 2:04:00 PM PDT"

Anonymous said...

#1

STARTING A NEW SHORT POSITION IN THE NIGHT SESSION 8/25

Anonymous said...

#!

Out of shorts on W5 complete!

Wesley Li said...

Hi.
May we have an update?
Thanks.