Gold and Silver Forecast Update

I commence with my gratitude to The Creator

On September 14th, Forecast, stated the following,

"important support at $1,818, It has tested this level several times, within last few days. That support finally gave in. Failure at this level portends, the bigger decline at least $210 from the current level (up-to $1575 level), I have talking about in some of my previous posts. First support after $1,795 (another very important area of support) gives in, shall be at $1,707 area, before it goes down to $1,575 area/ Silver shall follow the leader, the gold."

Today earlier, Gold hit below the $1575, important level, to take out stops and then rallied hard as much as $80 from the lows of the day.

Gold and Silver Forecast Update dated 9-23-11

I commence with my gratitude to The Creator

In my previous post, I stated, when gold did fail to recover the $1,818 level (and failed also at the $1,785) then my bearish chart took over. Where I had stated that Gold would tumble, at least, it keeps failing to find the support at $1,785, "LAND IN THE SAND", and I further forewarned to watch out for downside of at least $180-$210.

One of my subscribers/students, once asked me about Silver when it started rallying in July. I told him that Silver hit $30, before, it go back to the $50 level.

Gold and Silver Commodities Forecast 9-14-11

Gold Forecast Silver to Follow the Trend 9-14-11 

I commence with my gratitude to The Creator


Gold has broken the very important support at $1,818, It has tested this level several times, within last few days. That support finally gave in. Failure at this level portends, the bigger decline at least $210 from the current level (up-to $1575 level), I have talking about in some of my previous posts. First support after $1,795 (another very important area of support) gives in, shall be at $1,707 area, before it goes down to $1,575 area/ Silver shall follow the leader, the gold.