EXPECT IT! GOLD FACES REGULAR AND HARSH CORRECTIONS, WE DO NOT WANT TO SEE A MAJOR SHARP MOVE UP AHEAD OF ITSELF.

I LIKE TO USE THE 45DEGREE ANGLE OF ASCENT AND EXPECT IT TO REMAIN IN THAT REGION.

 THE CHART BELOW IS THE “GLD” GOLD ETF AND REPRESENTS ONE TENTH THE PRICE OF GOLD BULLION.

 I EXPECT THE LARGE MOVE LATER PARTICULARLY AFTER THE U.S. ELECTION. CAREFUL! AS THE OLD SAYING GOES “BE CAREFUL WHAT YOU WISH FOR, YOU MAY GET IT.”..

A HUGE BULL MARKET IN GOLD WOULD LIKELY BRING WITH IT VERY BAD ECONOMIC TIMES. 

MY OLD FRIEND AND MONEY MANAGER FROM MONTREAL CLAUDE LEMIRE TOLD ME TWO YEARS AGO THAT THE STOCK MARKET HAD ABOUT EIGHTEEN MONTHS OF POTENTIAL…AFTER THAT HE SAID THAT HE EXPECTED TO BE INVESTED ALMOST EXCLUSIVELY IN GOLD AND MINING STOCKS.

CLAUDE WAS THE FOUNDER AND CEO OF CANAGEX PLACEMENTS LTEE. IN MONTREAL WHICH WAS MANAGING OVER $14 BILLION WHEN HE RETIRED OVER TWENTY YEARS AGO.

HE HOPES THAT HE IS PROVEN TO BE WRONG IN HIS OMINOUS FORECAST THAT HE FEARS THAT WE COULD BE ENTERING A PERIOD LIKE THE NINETEEN THIRTIES.