{"id":35638,"date":"2013-01-22T17:42:49","date_gmt":"2013-01-22T22:42:49","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=35638"},"modified":"2013-01-22T17:42:49","modified_gmt":"2013-01-22T22:42:49","slug":"precious-metals-and-stocks-poised-to-ramp-higher-in-2013","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/01\/22\/precious-metals-and-stocks-poised-to-ramp-higher-in-2013\/","title":{"rendered":"Precious Metals and Stocks poised to ramp higher in 2013"},"content":{"rendered":"

David Banister- www.MarketTrendForecast.com<\/a>\u00a0 Jan 22 2013<\/strong><\/p>\n

It\u2019s been a long drawn out corrective affair with the precious metals since the August-September 2011 top that seems so long ago right now. During that last spike period where Gold rallied to just over $1900 per ounce, we had mentioned many times in articles and to our subscribers that GOLD was likely peaking in a wave 3 of excitement and high powered bullish sentiment. The \u201ctells\u201d were the articles, the CNBC mentions, the daily \u201cCNBC GOLD\u201d ticker at the top of their screen, and the cover of a major magazine.<\/p>\n

Since that time, we believe GOLD has been consolidating in what we term a \u201cwave 4\u201d correction, which is a milder version than some others.\u00a0 This is part and parcel of a 5 wave rally pattern and wave 4 is necessary to cool the engines of overbought sentiment and public love of the metals.\u00a0 These wave 4 patterns can take many forms and shapes, but this one appears to be an irregular ABC Version which we have outlined below on the weekly chart views.\u00a0 The length of period of time is nearing 18 months in total, but the lows in the 1550\u2019s were already marking price bottom territories, and now it seems more of a matter of time before we see wave 5 up really take off.<\/p>\n

This means that Gold and Silver Exploration stocks are very cheap as well, because the senior producers are seeing their stockpiles whittled away while their grades deteriorate at the same time. Once GOLD pops over $1750 per ounce we should see a rally in all the Gold Stocks, but especially in the exploration plays, which are historically undervalued here.\u00a0 Take a look at our GDJX Junior Exploration Stocks chart at the bottom of this article as well. It will need some help to break the downtrend, but again we think the odds are in the savvy investors favor to speculate on a select few in this sector.<\/p>\n

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Consider joining us for free weekly reports or a discount subscription at www.MarketTrendForecast.com<\/a><\/h3>\n

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David Banister- www.MarketTrendForecast.com\u00a0 Jan 22 2013 It\u2019s been a long drawn out corrective affair with the precious metals since the August-September 2011 top that seems so long ago right now. During that last spike period where Gold rallied to just over $1900 per ounce, we had mentioned many times in articles and to our subscribers … <\/p>\n

Continue reading “Precious Metals and Stocks poised to ramp higher in 2013”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-35638","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/35638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=35638"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/35638\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=35638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=35638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=35638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}