Tuesday, June 21, 2011

Stewart Thomson: Gold is Setting Up for a Massive Rally That Could Begin With-in 48 Hours

Stewart Thomson is one of the greatest combined technical/ fundamental analysts in the gold and silver community.  He does not chase markets, and trades professionally. 
Many gold and silver bugs like to quote BTFD, but its emotionally hard to pull the trigger when the BigFD comes.  Thomson reacts like a machine.  He doesn't make predictions, he reacts to market events.
That's why we took notice at his comments this morning.

In his weekly piece, Thomson predicted that the "gold market is setting up for a massive summer rally, and it could begin within 48 hours."

Thomson joins Jim Sinclair and James Turk (although Turk has recently toned down his calls) as prominent gold bugs who are expecting an imminent massive rally in gold.
If such a gold rally takes place, think silver won't take out $50 and be at $70-$80 faster than your wife empties your bank account?

Accumulate NOW especially in silver while the great GIFT this price correction offers is still around.
The Bernank speaks tomorrow. Have your buy orders ready.

(Note) While Thomson does advocate paper gold and silver shares, this is only after a substantial foundation of physical bullion he holds. 

Click here for more from Stewart Thomson: