Gary Savage
Gary Savage Articles
Clearly we are in a parabolic move in gold, and silver looks very similar. A lot of people are going to stick their head in the sand and try and ignore this, but anytime a market does this, it's setting up for a bubble phase and a crash....
Losing track of the big picture and getting tunnel vision on the day-to-day action can and will cause traders to make really poor trading decisions, so I'm going to show you how this applies to Gold.
In the current setup, it should be very easy for pretty much all traders to make 50 to 100% every year for the next 3 to four years easily, but I'm going to show you why almost nobody will be able to do it.
I'm going to urge people not to lose sight of the big picture. This is just a normal intermediate cycle correction price, as we got stretched too far to the upside as sentiment got too bullish.
I'm going to do a short little video show you why it's a bit dangerous to try and catch every penny, especially in the silver market, and we see this at every top. Whenever I start to see signs that we may be forming an intermediate top I...
It's very important to understand what environment you're in because it's going to influence how you trade. So the the old saw is easy times follow difficult times, and difficult times follow easy periods.
I'm seeing a lot of analysts trying to call it top in metals, and I don't understand why. I also see them trying to call a top in the stock market, not really understanding that either.
I think the dollar is bearish and it's just a matter of when the long-term trends are ready to resume, and they may be resuming already, in that the dollar rally that I'm looking for may not materialize for a while. We may even continue...
There is a reason why the cartel manipulation in Gold broke when they were unable to get gold below $2,000.
I think the fundamentals changed on August 2nd, and I think the FED has probably blown their chance to get inflation under control.
