The Phaserl


Peter Grandich & Chris Waltzek

from GoldSeekRadiodotcom:

~A significant gold market nadir appears imminent.
~Precious metals are entering a favorable seasonal period.
~$1,400 gold is the key level to eclipse to resume bullish momentum.

Wall Street Wizard, Peter Grandich says the precious metals sector should post a key market bottom this month. Seasonal factors are favorable; industrial demand typically is robust as jewelry fabricators prepare for the holiday season. Given that the XAU lead the great gold bull market of 2001-2011, the current relative strength could spark another precious metals revival. Peter Grandich says the lack of retail interest in the precious metals sector is due to the bubble in equities / bonds, which will inevitably implode circa 2008, redirecting huge capital flows into gold and silver assets. $1,400 is the line in the sand – once price climbs beyond that point, the bull stampede will resume with gusto.

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