Larry Edelson's Gold Forecast for remainder of 2016

I'm posting this prediction here so we can come back and have a look at it in January 2017.

Let's see how he does ....

Larry Edelson writes:

"Overall, my AI model points much higher for gold heading into year-end.

The dollar and gold can and do rise together. I’ve been telling everyone that and have been right. So stay away from the dollar/gold thing. Most analysts are dead wrong about it. The best bull markets in gold occur with a rising dollar.

What about the aggressive moves Putin is making in Eastern Europe and Syria? Gold usually surges during times of war and political uncertainty. But as of yet, gold hasn’t been concerned. Gold (and other precious metals) will rise according to their own unique rhythms. The good news is, they should soon start rallying strongly.

Here’s the latest Artificial Intelligence model I work with and its forecast for gold. It’s the kind of thing my trading service members get all the time, but with specific buy and sell signals as well, timed with my model." -   http://www.moneyandmarkets.com/gold-will-explode-higher-82608

Will China go on a buying spree October 10th 2016 ? 中国黄金爱

After falling for several weeks will Gold finally get a bounce ?


Gold hit a low of $1243 /OZ today (Oct 7 2016)

As China returns from a week long Holiday on Monday Oct 10 will they be buyers or sellers of Gold ?
Will Gold skyrocket back to $1370 or fall below $1200 ? 


What do you think ?  中国黄金爱
http://www.silverdoctors.com/silver/silver-news/china-will-feast-on-gold-and-silver-monday-harvey-organ/

Why did Gold drop $42.80 Oct 4 2016 ?

Gold plunged more than $40 an ounce Tuesday, falling below $1,300 for the first time since June. The New York Spot price closed at $1,268.40, a decrease of $42.80



Bloomberg reported it was the biggest drop in nearly three years, citing concern that an improving U.S. economy will push the Federal Reserve to boost interest rates soon.



Shares of gold-mining companies also declined significantly. Barrick was down $1.94 to $15.45, a drop of 11 percent.


Newmont declined by 10 percent, down $3.85 cents to $34.25. Klondex and Kinross saw drops of more than 13 percent.


The decline in gold prices follows a rally that began at the first of the year when prices were around $1,050 an ounce.


Bloomberg also reported that the dollar was headed for the biggest gain in two weeks, curbing the appeal of gold of as an alternative asset.


There has been a lot of speculation of why Gold dropped so much so fast.


The answer will be known in a few days. Stay tuned .... 

Gold Chart for May 2016 - Down 8 % What about June ?

So May 2016 was not a very good month for Gold down almost 8% from April 29. So what does the Month of June hold for the Price of Gold ? Take the poll on the Right Side Bar and we will see how close we are to the Actual Price at the end of the Month.

Janet Yellen hinting at Interest rate Hike as early as June

So, apparently the reason Gold has dropped from $1,300 to $1,200 over the month of May is due to the rhetoric of the Federal Reserve hinting at a June Interest Rate Hike.

This Fed-speak has resulted in a stronger US dollar which means a dropping gold price.
So, what does everyone think ? Will the Fed increase Rates by 1/4 point ? 1/2 point or will it leave the rate Unchanged in June ? Please take our Poll on the Right side bar and cast your vote...

The Kraken - 2 oz Silver Round Privateer Collection 2.2 Oz for $40 US

We had a feeling that this was more than 2 oz - so we weighed it and sure enough we get 2.192 oz of pure Fine Silver for about $40 US.

A great deal from SilverGoldBull.com   http://silvergoldbull.com/best-price-guarantee

Buy the 1 oz USA Buffalo Gold Coin for $1270

This is my favourite 1 oz Gold Coin.

The US  1 oz 2016 Buffalo Gold Coin  

The detail is amazing.

Best Prices Available from :   SD Bullion

With Gold prices dropping to a recent low you can now buy these for $1270 US 

That's a Great deal ! 

Keep an eye on the price and buy these on the dips if you can.

These coins are the first, and still only 9999 fine (24K) gold coins struck by the United States Mint.


The design of these coins has been replicated from the original Buffalo nickel, first released in 1913.


The obverse displays a side profile view of a Native American and the word Liberty, The reverse features an image of a bison that lived in New York's Central Park in the early 1900's, named Black Diamond.


This coin is a replica of the early Type I nickel, which were only produced in 1913 and 1914. These coins are a favourite of bullion investors. ....  Individual coins ship in US Mint protective plastic, multiples of 20 will ship in a full US Mint sheet.


Also Available from SilverGoldBull.com  : http://silvergoldbull.com/best-price-guarantee

Awesome Limited Edition 2 oz Silver coin Privateer Collection

$42.60 US

2 OZ Silver Pirate / Privateer Limited Edition coins.

Available from SilverGoldBull.com :

http://silvergoldbull.com/best-price-guarantee

1 Oz Silver or Gold Maple Leafs

SilverGoldBull.com :

Buy Canadian Maple Leafs   


99.99% PURE GOLD MAPLE LEAF BULLION COIN WITH UNIQUE SECURITY FEATURE

THE GOLD STANDARD
The Royal Canadian Mint’s Gold Maple Leaf (GML) coins are among the world’s most popular pure gold coins, having sold more than 25 million troy ounces since their introduction in 1979. The GML was also the first bullion coin to achieve the heightened standard of 9999 pure.

ENHANCED SECURITY
The radial lines in the new 2016 GML's field have been precisely machined to within microns on the master tooling to ensure reproducibility from die to die and coin to coin. The uniqueness of the line width and pitch gives this coin a characteristic look, and creates a light diffracting pattern that is specific to this coin.

In 2013, the Mint introduced a new and unique Security Feature to confirm the authenticity of its GML coins. Derived from the same award-winning security technology applied to Canada’s $1 and $2 circulation coins, the GML Security Feature consists of a textured maple leaf, microengraved with laser technology on a small area of the reverse side (Maple Leaf side) of the coin. In the centre of this mark, visible under magnification, is the numeral “16”, denoting the coin’s year of issue.

Is it time to buy Gold ? 5 Year Chart May 2016

5 Years ago, May 12 2011 Gold was Trading at $1,506 /oz US$


On Aug 23 2011 Gold Hit a price of $ 1,900 /oz US$.

Today, 5 years later, on May 12 2016 Gold is Trading around $1,270.
So is it time to buy or time to Sell ?