{"id":428,"date":"2010-11-30T15:40:54","date_gmt":"2010-11-30T19:40:54","guid":{"rendered":"http:\/\/www.silver-investor.com\/blog\/?p=428"},"modified":"2018-06-10T10:58:19","modified_gmt":"2018-06-10T10:58:19","slug":"gold-will-head-to-1480-1525-before-a-major-correction","status":"publish","type":"post","link":"https:\/\/www.themorganreport.com\/blog\/gold-will-head-to-1480-1525-before-a-major-correction\/","title":{"rendered":"Gold will head to 1480-1525 before a major correction"},"content":{"rendered":"

Gold will head to 1480-1525 before a major correction
\nDavid Banister- www.markettrendforecast.com<\/a>
\nExcerpted from TMTF November 28th<\/sup>:<\/strong>
\nGold has been consolidating other than a spike to an intermediate wave 3 top of $1424, for about 7 weeks or so now. \u00a0It\u2019s typical to see Fibonacci periods of time as part of consolidations whether it be an individual stock or a precious metal in this case. \u00a0Gold was overbought at the $1425 pivot highs a few weeks ago, and that terminated what I label a \u201cwave 3? pattern. \u00a0This led us into a 4th wave corrective pattern which we remain in now. \u00a0My worst case pivot low is expected at $1,321 and so far we have seen $1,331 an ounce and then an ensuing bounce to $1370 ranges.
\nIn the intermediate term then, I\u2019m looking for further consolidation likely for another week or so followed by a breakout over $1425 leading to my objectives of $1480-$1525 to complete the entire rally from the $1040 lows in February of this year. \u00a0Many are starting to get bearish on Gold and Silver up here, and to me that is bullish and indicative of \u201c4th wave \u00a0mentality\u201d. \u00a0In a 4th wave, there is growing bearish sentiment, but not so much as to topple the bull structure.
\nTo wit, last week in my ATP service I recommended a brand new Core Position in the Gold,Silver area and it rallied as much as 40% intra-week at it\u2019s highs. \u00a0We are in a super bull market for Gold stocks as I outlined in August of 2009, and we have another four years left to go. \u00a0I\u2019m seeing alot of amazing chart patterns in the Junior space that are in relentless climbs. \u00a0Owning the the explorers that are finding the Gold is how best to take advantage of the remaining four years. \u00a0At ATP, we are exposed to Rare Earths, Silver, Gold, and Oil and Gas related plays in our Core Positions. \u00a0Make sure you own hard assets and precious metals resources one way or another. \u00a0My silver forecast in late August was basically predicated on the small investor swarming into the Silver market to buy up coins, look for that to continue and Silver to be over $30 in the not too distant future.
\nBelow is my updated Gold forecast using a weekly chart, remember to Keep it Simple!
\n\"\"<\/a>\u00a0
\nYou can follow our weekly updates or consider subscribing by going to www.markettrendforecast.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold will head to 1480-1525 before a major correction David Banister- www.markettrendforecast.com Excerpted from TMTF November 28th: Gold has been consolidating other than a spike to an intermediate wave 3 top of $1424, for about 7 weeks or so now. \u00a0It\u2019s typical to see Fibonacci periods of time as part of consolidations whether it beMore<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[121,89],"tags":[],"yoast_head":"\nGold will head to 1480-1525 before a major correction<\/title>\n<meta name=\"description\" content=\"Gold will head to 1480-1525 before a major correction\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.themorganreport.com\/blog\/gold-will-head-to-1480-1525-before-a-major-correction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold will head to 1480-1525 before a major correction\" \/>\n<meta property=\"og:description\" content=\"Gold will head to 1480-1525 before a major correction\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.themorganreport.com\/blog\/gold-will-head-to-1480-1525-before-a-major-correction\/\" \/>\n<meta property=\"og:site_name\" content=\"The Morgan Report News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/pages\/The-Morgan-Report\/317004435015437\" \/>\n<meta property=\"article:published_time\" content=\"2010-11-30T19:40:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-06-10T10:58:19+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.silver-investor.com\/blog\/wp-content\/uploads\/2010\/11\/ATP.jpg\" \/>\n<meta name=\"author\" content=\"David Morgan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@silverguru22\" \/>\n<meta name=\"twitter:site\" content=\"@silverguru22\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Morgan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.themorganreport.com\/blog\/gold-will-head-to-1480-1525-before-a-major-correction\/\",\"url\":\"https:\/\/www.themorganreport.com\/blog\/gold-will-head-to-1480-1525-before-a-major-correction\/\",\"name\":\"Gold will head to 1480-1525 before a major correction\",\"isPartOf\":{\"@id\":\"https:\/\/www.themorganreport.com\/blog\/#website\"},\"datePublished\":\"2010-11-30T19:40:54+00:00\",\"dateModified\":\"2018-06-10T10:58:19+00:00\",\"author\":{\"@id\":\"https:\/\/www.themorganreport.com\/blog\/#\/schema\/person\/2f153b749f1b9c4e76eacf9ee3cc046a\"},\"description\":\"Gold will head to 1480-1525 before a major correction\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.themorganreport.com\/blog\/gold-will-head-to-1480-1525-before-a-major-correction\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.themorganreport.com\/blog\/#website\",\"url\":\"https:\/\/www.themorganreport.com\/blog\/\",\"name\":\"The Morgan Report News\",\"description\":\"Helping You Build And Preserve Wealth\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.themorganreport.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.themorganreport.com\/blog\/#\/schema\/person\/2f153b749f1b9c4e76eacf9ee3cc046a\",\"name\":\"David Morgan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.themorganreport.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/5580128866d1436555aa5bfafd8133d2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/5580128866d1436555aa5bfafd8133d2?s=96&d=mm&r=g\",\"caption\":\"David Morgan\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gold will head to 1480-1525 before a major correction","description":"Gold will head to 1480-1525 before a major correction","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.themorganreport.com\/blog\/gold-will-head-to-1480-1525-before-a-major-correction\/","og_locale":"en_US","og_type":"article","og_title":"Gold will head to 1480-1525 before a major correction","og_description":"Gold will head to 1480-1525 before a major correction","og_url":"https:\/\/www.themorganreport.com\/blog\/gold-will-head-to-1480-1525-before-a-major-correction\/","og_site_name":"The Morgan Report News","article_publisher":"https:\/\/www.facebook.com\/pages\/The-Morgan-Report\/317004435015437","article_published_time":"2010-11-30T19:40:54+00:00","article_modified_time":"2018-06-10T10:58:19+00:00","og_image":[{"url":"http:\/\/www.silver-investor.com\/blog\/wp-content\/uploads\/2010\/11\/ATP.jpg"}],"author":"David Morgan","twitter_card":"summary_large_image","twitter_creator":"@silverguru22","twitter_site":"@silverguru22","twitter_misc":{"Written by":"David Morgan","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.themorganreport.com\/blog\/gold-will-head-to-1480-1525-before-a-major-correction\/","url":"https:\/\/www.themorganreport.com\/blog\/gold-will-head-to-1480-1525-before-a-major-correction\/","name":"Gold will head to 1480-1525 before a major correction","isPartOf":{"@id":"https:\/\/www.themorganreport.com\/blog\/#website"},"datePublished":"2010-11-30T19:40:54+00:00","dateModified":"2018-06-10T10:58:19+00:00","author":{"@id":"https:\/\/www.themorganreport.com\/blog\/#\/schema\/person\/2f153b749f1b9c4e76eacf9ee3cc046a"},"description":"Gold will head to 1480-1525 before a major correction","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.themorganreport.com\/blog\/gold-will-head-to-1480-1525-before-a-major-correction\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.themorganreport.com\/blog\/#website","url":"https:\/\/www.themorganreport.com\/blog\/","name":"The Morgan Report News","description":"Helping You Build And Preserve Wealth","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.themorganreport.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.themorganreport.com\/blog\/#\/schema\/person\/2f153b749f1b9c4e76eacf9ee3cc046a","name":"David Morgan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.themorganreport.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/5580128866d1436555aa5bfafd8133d2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5580128866d1436555aa5bfafd8133d2?s=96&d=mm&r=g","caption":"David Morgan"}}]}},"_links":{"self":[{"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/posts\/428"}],"collection":[{"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/comments?post=428"}],"version-history":[{"count":1,"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/posts\/428\/revisions"}],"predecessor-version":[{"id":5812,"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/posts\/428\/revisions\/5812"}],"wp:attachment":[{"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/media?parent=428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/categories?post=428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.themorganreport.com\/blog\/wp-json\/wp\/v2\/tags?post=428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}