Gold Monthly April

Gold Monthly April
Trend
Long term - Neutral/bullish
Medium term - bearish - need a close above 1680-1705 to resume uptrend
Monthly Resistance 1547-1592 and 2nd tier 1624-1666
Monthly Support 1400-1465 and 2nd tier 1289-1360

Unless things turn around and we get a monthly close above 1480 in April, gold’s long term trend will COME OUT OF BULLISH MODE TO NEUTRAL and will join both the HUI and SILVER in a major warning that an “event” could be developing in the background that has not yet shown its face that could trigger a massive liquidity squeeze of global proportions. I do not say this lightly and it is deeply concerning.

The other side of the coin could still very well be that GOLD is making a long term low and this is a flush out. In other words, the “event” that is coming could be something that actually forms a major low here. For the moment, that is the alternate scenario and the downside scenario is the one that has the odds in its favor.

If we get the signal, Gold will or is joining the HUI and SILVER and is flashing a warning that something is NOT RIGHT. Something is wrong. Something is terribly wrong.

What else do we need to see? A major reversal in the stock market. However, it’s possible that the stock market doesn't turn until we actually become aware of the event.

If the stock market turns down with a vengeance then the potential we have discussed where a 2008 event is going to take place will greatly increase. In fact, it is very possible that the “event” that triggers it has not yet been recognized by the stock market because of the massive inflow of money.

Finally, we do have to take into consideration that the manipulation could be giving us a false indication. The signal can only be on the last day of this month. But that doesn't mean that gold can’t go down very hard this month.

From a price perspective a signal would activate the RED channel line on the chart at around 1400 and the dotted white line at 1289. The red channel line is our breakout line from the old bull market. I should say it is one of them.

Support points are 1465, 1400 and 1289. However it’s best to stay in touch with our weekly and daily updates as we go thru the month for up to date analysis as the month progresses.

In summary, the trends remain down on all levels at the moment and the metals are warning us of danger, but they are also so manipulated that it brings into question if anything is reliable in the markets anymore?

The things we listed this month were to point out how downright crazy things are in the investment area right now. The interventions, the manipulations, and the trillions of dollars printed and thrown into specific markets have really screwed up the investment world.

This will be a major month for the metals.

A monthly close below 1480 will suggest that the trend could lead to lower prices in the 1289-1300 on the extreme end.

Watch for the stock market to see if it has a major reversal.

Let’s see how this month unfolds, but the key is remain defensive and continue to treat the metals as in the bearish trends they are in. Stay tuned to the weekly updates as things progress this month. Be careful.

Regardless of the reason why the metals are in a bearish trend. I did a lot of surfing to get the sentiment of the market. The players are starting to crack. There is now doubt where there once was arrogance. There is denial still, but you can tell it has been hurt. This is what happens when more and more of your money vanishes regardless if its temporary. The point is that there's another new slew of people who are not far from SELLING OUT. When SILVER WAS CRASHED in 1980 it took 20 years to get it going again. WHY? Because the previous generation of silver investors got wiped out, and those who didn't, saw what it did to the ones that did. Never forget those websites that have NEVER ONCE SAID ITS BEARISH and BE careful but have said 100 times the Low is in place. Do you really think they are analysts? If they were, they would have told you, hey, we're in a correction. Those type of people are not necessarily bad people. They might be salesmen. Do you hear a car salesman ever tell you the product of cars he sells suck?

Be sure you get your advice from someone who is giving you advice and analysis and your not going to site to HEAR what you want to hear, but what you NEED to hear.

 

YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS 
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED. 

 Do your own due diligence. 

No one knows tomorrow's price or circumstance. 
 I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader. 
I do not accept responsibility for being incorrect in my speculations on market trend. 

 King Regards