TYHEE GOLD CORP

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Message: Gold Price Forecast

 

 

Summary And Conclusion

Based upon the overall conclusions of the above six tells suggesting a lower gold price, there is high probability the value gold may decline to about $1,175 by the end of this month (based upon the average November declines since 2011 - excluding 2014). And although Point&Figure analysis is NOT an accurate price forecasting metric, prudent investors should not exclude the possibility the price of gold may even fall to $1,087 (per the Double Bottom Breakdown as shown above in P&F).  Additionally, a daily bar chart of gold shows a Bear Market Flag that has already triggered, thus producing a price objective of about $1,080…which might materialize sometime before yearend.

HOWEVER, once the bottom is established, the price of gold will indubitably soar to new all-time highs in 2017 and years beyond…as the US stock market plunges into a long overdue Bear Market. Moreover, the unprecedented 34 year bond bull market appears to be faltering…and may also plunge to begin a very long overdue BEAR MARKET TREND.  Consequently and indubitably, panicked bond investors worldwide will flee to the historical safe-haven of gold.

http://www.gold-eagle.com/article/gold-price-forecast-nasty-naughty-november-gold-price-trend

 

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