Tuesday, October 13, 2009

Is the bear market rally over?

"The rally will soon be over, the only one place to be and that is in gold and silver related assets . . ."
by Bob Chapman, originally published at Global Research on 10/05/2009

The bear market rally will soon be over. It rallied 1,300 Dow points that it should have. All the back up data as to why this is in process was included in the last issue. The rally induced many investors to stay long and they did recoup as much as 80% of their losses in some instances. Now it is time to exit and move into gold and silver shares. Probably the biggest key is that gold recently spent two weeks above $1,000 and we believe gold is prepared for a breakout that will take its price anywhere from $1,200 to $1,700 an ounce. Gold’s long-term reverse head and shoulders pattern, one of the most powerful patterns in charting is in a breakout mode.

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2 comments:

  1. Should have bought when gold was like 300 an ounce. Guess i missed the boat.

    ReplyDelete
  2. Its an illusion, gold is worth nothing.

    ReplyDelete