My 1st Million At 33 - yes, you can do it too

Obviously with gold price closer to $1000 than $900, if my prediction comes true, you or I shouldn’t be surprised. The best future price prediction is always the current price or whatever prices that are closer.

I think what’s going to be surprising to most market participants (myself included) is that gold may break $1000 without any “expected” pullback or fanfare. If that’s the case, it should be very bullish.

What does that mean? It would mean that the most bulls are afraid of adding more money, and the bears are nowhere to be seen. When the majority of the participants are afraid of buying, then market will probably disappoint the majority (myself included again).

Gush, I’ve got so much useless $US that I simply hate myself for not being more aggressive.

But again, this market is truly closer to a short-term top than to the short-term bottom. Near the top, great volatility is expected, and that’s exactly what we are seeing in both spot market and mining shares. Volatility is always a good indicator for a changing trend. It simply means that some smart money is getting ahead of itself.

Look at previous top in the stock market. How many big oscillations before it actually fell. Not counting the February peak, I counted 3 major upwaves, and 4 minor oscillations. That should be the nature of a major top. Granted, the coming PM top is going to be a minor PM top, so possibly it won’t be a top that is as complicated as the one happened in stock markets.