Gold and silver ... the short term faling knife ... possible world wide physical gold and silver liquidation

Hi Everyone ..

It is quite sometime since i wrote my last letter...


First i would like to said ouch!!! that hurts ... it is the first in many years that my gold and silver future got liquidated ....

I believe this will serious liquidation and the main target not only the future market and i think it will soon hit the physical market which should not bode well for gold and silver price going forward in short term about 3-4 month.

I think the gold price might hit Us$ 1300 - US$1350, before we hit the bottom for this run... and silver i think it is the same as gold but since the silver got mass liquidation twice this time, i think US22-23 shhould a nice target for long term accumulate.


Without expansion of QE3 , and worldwide inflation control target, i think we will be in short term deflationary pressure for the next quarter which , i believed there will a great sell off soon.

Don't buy anything yet, hold on to all short, thing will gettng more nasty from here on.


I think oil we will likely see US$65 - 70 which i look forward to to take the profit on my short for oil at this level.


For the gold and silver, this is the first time, i sold 60% of my phyiscal gold and silver in this rebound.. i should have seen this coming but it seem like got carry away by this rally... come to think about it, gold have a great run without any real correction, i think this time we will see a serious correction before the gold procceed with it don't look back kind of rally ....


For S&P, short on an rally, but you guy better don't get to carried away by the sell off, as i think 950 is a target which must take profit from any sell off. Now we see lot of commodities is going down in price, i think the company should have more profit due to cut reduce, mortage rate in historical low, price of commoditites decrease and dollar is raising in which should be bullish for stock in mid to long term. but in short it s be liquidation from the weak hand in regardless to the fundamental.


don't long any thing yet ..


Hope everyone have a great day and good luck in all your trade






The new high for gold