"Everytime I read about Talking Uranium I shake my head. Get real guys... Money is to be made now in Silver & Gold now.

Uranium is a dead as the Dodo Bird for the next few years.

No Uranium Company will make $$$$ on the forseeable highway.

Gold & Siver will be Mammoth next week."

Get on the Money Train and make your Money now:"

While the stock markets were treading water digesting their bygone price rise of several weeks the gold breakout of a several weeks consolidation area came true that had been hoped for by the gold bugs - whereas silver kept on rising rapidly same as ever.

Forget this Uranium Talk around here for the foreseeable future because a GOLD price rise of more than 3$ in one week hadn’t happened yet in this millennium!

To assess the situation the right way you’ll have to savour it: " in THIS millennium". Moreover, the gold breakout didn’t start before four trading days ago. It’s just beginning! The combination of both temporal facts makes one get to the assessment that the power behind the enormous upturns has not nearly finished yet. Also next week the majority of the shorties are supposed to run to the exits!

Targets in terms of price and time in the important time frames of monthly, weekly and daily setups give us a pretty unanimous price target for this upwards move: 1505.

The monthly time frame indicate that by the profits of the last days finally the horizontal resistance line was overcome that had been dominating for weeks. It’s changing its status to becoming a support horizontal (green dotted). In any case it will resist a possible test on daily basis.

These are the very likely targets for the next weeks: Visible above, on the one hand the upwards proceeding resistance diagonal at 1505 and the resistance residing at 1515 in April. Considering the monthly setup you clearly see that the main target at 1576 is coming into play. So, during the next half year you’ll have to buy more gold in case of any major correction. The 1576 will be reached!

During five long weeks gold was broken by it, so the breakout of the double arc was accordingly violent.

Gold is remaining visibly under the resistance and that is not going to be overcome easily. In any case, on Monday or Tuesday respectively gold will still follow that resistance upwards. The week top should be marked at 1488 and the next two weeks the 1515 could be reached as early as in April already, the monthly price and time magnets might drag the gold there. In any case, in April gold should be strong until reaching the monthly targets so we can hardly reckon with a violent correction on daily basis.

On Friday in the daily time frame went into the second long position at 1476 since the 3rd double arc was clearly broken. The 1505 are being activated.

You see that we can go into some different positions by the analysis of the respective different time frames. This way the existing trend move is being used best possible, continuously accumulating. A strong trend – as proceeding in this case – enables one to build up more and more positions. The investment rate is rising. Here, in gold, actually it’s 8 long positions which may be provided with very different levels, depending on the investment horizon.

The daily setup is pointing to the 1505 as well! They should be reached by the beginning of May if gold keeps on actually dominating. A break would reinforce the short squeeze making possible the 1505 and also the 1525 as early as in April. will provide support. That entire double arc (upper to lower line) is yielding a monster support. The strongest horizontal support is provided by the center of the just passed square at 1466.

Conclusion: 1505 to become the next important gold target. According to all the rules it’s going to be a very secure target!

Silver - Ugly Monster.

When silver was still quoting at 30$, it predicted a lot of explosive upwards potentiality. So, in those days already it seemed incomprehensible that anybody at all might have been engaged on the short side in silver. Those short-players simply must lose money.

Now, the Ugly Monster is predicting 43$.

Still on Friday a seasoned trader mentioned he is seeing the end of the flagpole in silver so we should be careful – the parabolic rise might stop at any moment being followed by a rapid sell-off – All right, that’s possible.

Until a week ago strong resistances were taken and none of those resistances showed any reaction worth mentioning – It was a demonstration that those actually natural resistances have occupied an accelerating function. Once overcome, they reinforce the upwards trend forcing it up and up – like some big exploding dynamite charges they drive the price higher and higher.

For next week support force is lying at 40.00. Apart from a lot of thin air only the next important resistance -– which is the middle of the just passed square at 42.31 – is lying above the market.

But sound rules give us enormous security:

If in addition – as in the case of silver – the three most important time frames (monthly, weekly and daily) are pointing into one direction – clearly up here –showing that some important resistances were broken demonstrating the enormous acceleration forces of the market – if the next recognizable resistance at about 41.24, to be seen .

Isn’t that a great beginning of the week with 1,000 or even 1,500$ of profit?

If we see that the 41.24 to be taken we’ll go long again at 41.78, won’t we?

Gunner 24