Bo Polny: June 28, 2013, Dawn of the Next Gold Bull

I met Bo at the Jim Sinclair event in Los Angeles.  I am not in any way connected with him, nor am I endorsing his service, but he appears to have a good handle on the price movements of gold.  My only concern is he tracks GLD, which may decouple from the price of physical gold at some point.

Bo is calling the June 28 low a major secular bottom for gold.  We shall see.

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An Update On Gold From CIGA Bo Polny

http://www.jsmineset.com/2013/05/07/an-update-on-gold-from-ciga-bo-polny/

May 2-3 was to mark a short term high. If you check the price of gold you will see it did! Gold’s daily time clock from the rise off the April 15, 2013 low ended May 3, 2013.

The next date, May 10-13 is to mark the low off the May 2-3 high for both gold and silver.

With regards to silver, this is a time for extreme caution! What is next? May 9-10, 2013… the drop!

The question is how low will it go? The bottom comes in either Friday May 10, 2013 or Monday May 13, 2013. Will support at $22 hold or not? That is the big question.  Again until May 13, 2013 has passed, silver is extremely vulnerable to a support break!

Gold’s low will hold due to its impressive rise since its bottom April 15, 2013.