Precious Metals Ready for Big-Time Run as Global Breakdown Begins

Precious Metals Ready for Big-Time Run as Global Breakdown Begins
Posted Monday, 18 July 2011

By Jordan Roy-Byrne, CMT

An important shift in global markets is taking place and it bears introspection. Gold has broken to a new high while Silver has established a bottom. Precious metals stocks have rebounded significantly from support. At the same time, important global stock markets are in the early stage of a technical breakdown. We don’t foresee a repeat of 2007-2008, yet odds are good that global stock markets are beginning a cyclical bear market and unlike the last cycle this is coming at a time when precious metals are set to accelerate to the upside.

Finally, in analyzing bull markets lasting 15-20 years, we’ve noted that an acceleration in trend usually begins in the 11th or 12th year and is obvious by the end of the 12th year. Gold is in its 12th year while the 12th year for gold stocks would begin in Q4 of this year. Note that Gold has broken to a new high ahead of the typical breakout in September. That is another hint at what is to come. The next 18 to 24 months figure to be quite exciting and extremely profitable for those invested in this bull market. If you’d like to learn more about how to profit, manage risk and have a professional guide you, then you can learn more about our service here.
Good Luck!
Jordan Roy-Byrne, CMT
Jordan@TheDailyGold.com

-- Posted Monday, 18 July 2011 http://news.goldseek.com/GoldSeek/1311012392.php

http://news.goldseek.com/GoldSeek/1311012392.php

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