The Morgan Report Blog

Gold Prediction using Statistics & Technical Analysis

Here is my gold prediction (silver and gold mining stocks, should be the same) looking forward 24 months.

Since the top in gold in 2011 gold has selling off. Depending on how you analyze the market, this 3 year sell off could be seen as consolidation within a major cyclical bull market or that it’s in a bear market. But know this, either way, the outlook is bullish, and all gold has to do is find a bottom here and rally above the $1400 per ounce level. This would kick start a major feeding frenzy of gold buying.

Gold bear market in the past have on average corrected 33% and lasted a total of 550 days. So if we look at the stats of the current pullback in gold it has dropped 38% and about 700 days long. Time for a bottom and bull market? It sure seems like it.

You can see my recent report on the US Dollar and gold forecast.

Gold Prediction Technical Outlook:

Gold remains in a down trend, but looks to be starting a possible stage 1 basing pattern. Technical analysis is pointing to strength as the MACD moving higher, relative strength, and the down trendline show price and momentum being bullish.

A few weeks ago the chart completed a Golden Cross. This is not shown on the chart, but it is when the 50 SMA crosses above the 200 SMA. Investors tend to look at this as a major long term buy signal, although I do not use it for any of my analysis or timing of the market.

If historical data, statistics, and technical analysis prove to be correct we can expect gold to rise. My gold prediction is for price to reach $2300 – $2500 per ounce within 24 months.

Gold Prediction Conclusion:

The average gold bull market last roughly 450 days and posts a gain of 95%. So with the current correction which is beyond these levels already, expect price to firm up this year and complete the stage 1 base.

Note that until gold breaks out of its Stage 1 Basing pattern, I will remain bearish/neutral on the metal. There is a huge opportunities else where unfolding…

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Chris Vermeulen

Silver and Gold – “Don’t Sell it, Spend it.”

Silver and Gold as Currency – “Don’t Sell It, Spend It.”
by Rory, The Daily Coin:

There’s a time when the operation of the machine becomes so odious, makes you so sick at heart, that you can’t take part! You can’t even passively take part! And you’ve got to put your bodies upon the gears and upon the wheels…upon the levers, upon all the apparatus, and you’ve got to make it stop! And you’ve got to indicate to the people who run it, to the people who own it, that unless you’re free, the machine will be prevented from working at all! ~Mario Savio

When I wrote “Breaking Away From the System” I had forgotten Perpetual Assets offered a silver backed debit card. David Morgan, the silver guru, and I discussed this fact and David also explained how this all came about.

At the Silver Summit in Spokane a few years ago David was speaking about precious metals mining in Idaho and working with the local government to help them figure out how the legislation should work. After his lecture, a gentleman named Dale Olmstead ( you can contact Dale at ) approached David and ask if they talk. Dale explained to David that he had idea for a precious metals backed debit card. After a short conversation, they parted ways and little thought, on David’s part carried forward.

A couple of months later Dale contacted David and proclaimed he had created the precious metals backed debit card!

If you are serious about getting out the debt-based, fraud known as the USDollar, this is a great way to take a giant step in that direction. Need a new generator, AR-15, solar panels to keep the lights on? Why not use gold and silver to make the purchase? Why do you possess real money if you are not going to use it? I understand the “insurance policy” aspect of these monies, but they are intended to be used. How do we, the gold and silver community, plan on making a difference if we are sitting on our assets and doing nothing? What is it going to take to truly wake people up to make the necessary changes and the hard decisions that are REQUIRED to break the system?

Gold and Silver Bull Run Ducks are Lining Up

The Morgan Report Blog