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Gold: Chewing Thru Overbought Technicals!

Morris Hubbartt
Weekly Market Update Excerpt
posted Dec 17, 2010

Gold and Precious Metals

US Dollar Chart

US Dollar Analysis:

  • The Dollar rally has just begun. Distribution is already occurring!  

  • Fiat currency is the crown jewel of socialism.   

  • The Dollar is socialism. That is the structure of the beast.

  • I am active in my community. Help those fighting fiat.

Gold Bullion 6 Month Price Chart

Gold Bullion Analysis:

Gold has a solid Super Force Buy Signal from me on Friday Nov. 12th.

  • Gold is experiencing a sideways correction.

  • My intermediate target is 1260. 

  • We should see Gold rise 100% in the coming 12 months.

  • Own a lot of gold now. Own more at 1260.

Gold Bullion One Year Price Chart

  • I continue to be impressed with volume. Gold Bullish!

  • Price seems to need to come down harder yet is not doing so.    

  • That fact is bullish for your gold positions!

Gold Juniors Chart

Super Force Gold Juniors Analysis:

  • I issued a Sell on Friday Dec 3rd to you. Now I am buying and signaling you to do the same.  

  • From the lows of summer to recent highs, gold is up 23%.

  • The GDX is up over 38%.

  • GDXJ is up 78%!

  • Junior Miners are where your future bullion will be found.

  • Invest in real assets. Book profits on a portion regularly.

GDX 9 Month Chart

GDX Massive Breakout On 3 Year Chart

Super Force Gold Stocks Analysis:

  • I issued a GDX sell to you at $62.73.

  • Gold bullion bounced quickly from 2008 because it is a currency.

  • Gold companies went through a rebuilding process.

  • Gold is up (last three years) approximately 70%. GDX is up 40%. These are not normal times, so the GDX to bullion non-confirmation that occurred earlier was not abnormal.

  • GDX should outperform Gold by approximately 60% from here. If Gold goes to $2000 per ounce GDX should be trading at $100.

Silver Chart

Super Force Silver Bullion Analysis:

  • I issued a sell to you at $29.15.

  • I added to positions of physical silver at the spot price of exactly $25.00, which is the low of the correction.

  • Silver also seems to need to correct, yet has not done so to date.

  • Like the gold market, the volume patterns in silver indicate this could be a short lived correction. You must be a buyer of weakness. There seem to be lines being drawn in the gold community amongst those saying sell now and those saying prepare now for vastly higher prices. So be it. I want you in the prepare now for higher prices camp!

Friday, Nov 29, 2024 Super Force Signals Unique Introduction For 321Gold Readers:
Send an email to admin@supergoldsignals.com and I’ll send you my free “Inflation Thunder Now!” gold stocks video report. I’ll also include 3 of my next Super Force Surge Signals free of charge, as I send them to paid subscribers. Thank you.



Stay alert for our Super Gold alerts, sent by email to subscribers, for both the daily charts on Super Force Signals at
www.supergoldsignals.com and for the 60 minute charts at www.supergoldsignals.com

About Super Gold Signals:
Our Surge Gold Signals are created thru our proprietary blend of the highest quality technical analysis and many years of successful business building. We are two business owners with excellent synergy. We understand risk and reward. Our subscribers are generally successfully business owners, people like yourself with speculative funds, looking for serious management of your risk and reward in the market.

Frank Johnson: Executive Editor, Macro Risk Manager.
Morris Hubbartt: Chief Market Analyst, Trading Risk Specialist.

website:
www.supergoldsignals.com
email: admin@supergoldsignals.com
email: admin@supergold60.com

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Canada

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Dec 17, 2010
Morris Hubbartt

321gold Ltd