"Gold Correction Over? Your Tactics Now."

Stewart Thomson
email: stewart@gracelandupdates.com
email: stewart@gracelandjuniors.com
Oct 26, 2010

There is a battle going on in the silver market for the $25 level…

Here’s the bottom line: There may or may not be further price weakness from these levels…

1All those who urged you to keep selling into Gold $1156 (and all the other low points, but to buy into 1387), are now urging you to stand aside for “the correction”. You should already be on the buy, not calling for higher or lower prices..

Here’s the Daily Silver Chart. That chart shows, at least so far, what I would term a majestic correction in Silver. It is not a flag pattern, because price has not risen vertically before going into the correction, but it is flag-like. It is a drifting minor rectangle, and the possibility exists of an astro-blast through the $25 area, and on to prices as high as $28, or even $33...

There could be further weakness in Silver, yes. The rectangle could blow up. Price could take out the $23 area lows and begin a more severe correction. If it happens, those of you who are Silver market investors, will not waste time analyzing the situation. What you will do, is buy Silver in greater size than you did into $23,..

Let’s move on to GOLD. In the Gold market, we are witnessing the “battle of the head and shoulders patterns”. Here’s the chart with those patterns highlighted in detail. Gold Bullion Chart... Here’s a 2nd chart. Gold Bull Wedge Breakout This chart shows the breakout...

My suggestion: Forget the questions, and get on the buy. I’m buying gold every $3 down with each buy order bigger than the previous.