Silver Large
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LARGE Signed Zuni 12k Gold Rare Purple GEM Fire Agate 925 Silver Mans Ring 115
LARGE Signed Zuni 12k Gold Rare Purple GEM Fire Agate 925 Silver Mans Ring 115
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Large 70s Signed Navajo FINEST Natural Bisbee Turquoise 925 Silver Mans Ring 11
Large 70s Signed Navajo FINEST Natural Bisbee Turquoise 925 Silver Mans Ring 11
Paypal   US $1,200.00
Sterling Silver 925 Native American Large Turquoise Bead Ring Size 7 PI2
Sterling Silver 925 Native American Large Turquoise Bead Ring Size 7 PI2
Paypal   US $69.99
Native American Sterling Silver 925 Large Heavy Turquoise Ring Size 85 Signed B
Native American Sterling Silver 925 Large Heavy Turquoise Ring Size 85 Signed B
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Sterling Silver 925 Native American Large Etched Eagle Mens Ring Size 9
Sterling Silver 925 Native American Large Etched Eagle Mens Ring Size 9
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Large11 gram Genuine Amethyst Ring size 9 US 925 Solid Sterling Silver r4
Large11 gram Genuine Amethyst Ring size 9 US 925 Solid Sterling Silver r4
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Large11 gram Genuine Amethyst Ring size 10 US 925 Solid Sterling Silver r4
Large11 gram Genuine Amethyst Ring size 10 US 925 Solid Sterling Silver r4
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NEL J NAVAJO STERLING SILVER LARGE DIMENSIONAL LIONS HEAD 26mm RING SZ 8 163gr
NEL J NAVAJO STERLING SILVER LARGE DIMENSIONAL LIONS HEAD 26mm RING SZ 8 163gr
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Vintage Sterling Silver 925 50s large Cocktail Ring 9 Genuine Gemstones sz 6
Vintage Sterling Silver 925 50s large Cocktail Ring 9 Genuine Gemstones sz 6
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Sterling silver 6 grams large oval turquoise womens ring size 6 1 4
Sterling silver 6 grams large oval turquoise womens ring size 6 1 4
   US $115.00
Sterling Silver 925 BARSE Large Turquoise Ring UNIQUE
Sterling Silver 925 BARSE Large Turquoise Ring UNIQUE
Paypal   US $104.00
Native American Navajo Large Sterling Silver Faceted Onyx Ring Size 75
Native American Navajo Large Sterling Silver Faceted Onyx Ring Size 75
Paypal   US $398.00
Vintage sterling silver womens Large ring Size 7 Multi gemstone
Vintage sterling silver womens Large ring Size 7 Multi gemstone
Paypal   US $65.00
MIKE THOMAS JR NAVAJO STERLING SILVER RING SLEEPING BEAUTY TURQUOISE BOLD LARGE
MIKE THOMAS JR NAVAJO STERLING SILVER RING SLEEPING BEAUTY TURQUOISE BOLD LARGE
Paypal   US $199.99
Sterling Silver Native Large Turquoise Flower Ring
Sterling Silver Native Large Turquoise Flower Ring
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Large Sterling Silver and Moonstone Ring
Large Sterling Silver and Moonstone Ring
Paypal   US $49.48
Navajo Sterling Silver w Large Turquoise Stone Oval Ring by James Shay
Navajo Sterling Silver w Large Turquoise Stone Oval Ring by James Shay
Paypal   US $395.00
VTG Navajo Sterling Silver and Pilot Mountain Turquoise Ring Large Stone Size 9
VTG Navajo Sterling Silver and Pilot Mountain Turquoise Ring Large Stone Size 9
Paypal   US $119.00
Large Vintage NAVAJ Estate Green Turquoise Coral MOP Sterling Silver Ring
Large Vintage NAVAJ Estate Green Turquoise Coral MOP Sterling Silver Ring
Paypal   US $85.00
Large Colorful NAVAJO Ray JACK Sterling Silver MOSAIC INLAY Ring Size 10
Large Colorful NAVAJO Ray JACK Sterling Silver MOSAIC INLAY Ring Size 10
Paypal   US $175.00
NATIVE AMERICAN MACE STERLING SILVER TURQUOISE CAB LARGE VINTAGE RING
NATIVE AMERICAN MACE STERLING SILVER TURQUOISE CAB LARGE VINTAGE RING
Paypal   US $82.99
Sterling silver large oval turquoise stone leaf ring vintage hand crafted pawn
Sterling silver large oval turquoise stone leaf ring vintage hand crafted pawn
Paypal   US $89.00
LARGE VINTAGE STAMPED STERLING SILVER NAVAJO PINK MOTHER OF PEARL KNUCKLE RING
LARGE VINTAGE STAMPED STERLING SILVER NAVAJO PINK MOTHER OF PEARL KNUCKLE RING
Paypal   US $45.00
Mens Turquoise Coral Ring 4 Sizes Effie C Calavaza Zuni Sterling Silver Large
Mens Turquoise Coral Ring 4 Sizes Effie C Calavaza Zuni Sterling Silver Large
Paypal   US $189.95
Tribal Silver Ring 925 Turquoise Coral Large CAR 718
Tribal Silver Ring 925 Turquoise Coral Large CAR 718
Paypal   US $130.00
Navajo Ring Charoite Size 8½ Sterling Silver Purple Russian Large Hand Made
Navajo Ring Charoite Size 8½ Sterling Silver Purple Russian Large Hand Made
Paypal   US $134.95
Sterling Tribal Ring Silver Turquoise Large Stone CAR 1736
Sterling Tribal Ring Silver Turquoise Large Stone CAR 1736
Paypal   US $60.00
925 Sterling Silver Large Turquoise Ring
925 Sterling Silver Large Turquoise Ring
Paypal   US $119.95
Large Sterling Silver Blue GreenTurquoise ring sz 8 Navajo
Large Sterling Silver Blue GreenTurquoise ring sz 8 Navajo
Paypal   US $49.99
Mens Turquoise Coral Ring 5 Sizes Effie C Calavaza Zuni Sterling Silver Large
Mens Turquoise Coral Ring 5 Sizes Effie C Calavaza Zuni Sterling Silver Large
Paypal   US $189.95
LARGE VINTAGE SIGNED NAVAJO STERLING SILVER TURQUOISE RED CORAL RING
LARGE VINTAGE SIGNED NAVAJO STERLING SILVER TURQUOISE RED CORAL RING
Paypal   US $124.95
AuthNative American Indian Large Silver Turquoise Ring
AuthNative American Indian Large Silver Turquoise Ring
Paypal   US $89.00
Navajo Ring Apple Coral Sterling Silver Size 8½ Large
Navajo Ring Apple Coral Sterling Silver Size 8½ Large
Paypal   US $99.95
NATIVE AMERICAN SOUTHWEST SILVER w LARGE TURQUOISE RING
NATIVE AMERICAN SOUTHWEST SILVER w LARGE TURQUOISE RING
Paypal   US $64.95
Mens Turquoise Coral Ring 3 Sizes Effie C Calavaza Zuni Sterling Silver Large
Mens Turquoise Coral Ring 3 Sizes Effie C Calavaza Zuni Sterling Silver Large
Paypal   US $189.95
Vintage Navajo Silver Womens Large Turquoise Ring 8
Vintage Navajo Silver Womens Large Turquoise Ring 8
Paypal   US $161.10
Exceptional RAY JACK Large Vintage Navajo Mosaic Inlay Sterling Silver Ring
Exceptional RAY JACK Large Vintage Navajo Mosaic Inlay Sterling Silver Ring
Paypal   US $225.00
Navajo Ring Orange Spiny Oyster S Silver Size 8 Large
Navajo Ring Orange Spiny Oyster S Silver Size 8 Large
Paypal   US $109.95
Vintage Zuni Indian Signed Silver Large MOP Pearl Stone Ring Sterling
Vintage Zuni Indian Signed Silver Large MOP Pearl Stone Ring Sterling
Paypal   US $34.95
Mens Coral Ring Size 11 Effie C Calavaza Zuni Sterling Silver Large
Mens Coral Ring Size 11 Effie C Calavaza Zuni Sterling Silver Large
Paypal   US $189.95
Mens Coral Ring Size 11½ Effie C Calavaza Zuni Sterling Silver Large
Mens Coral Ring Size 11½ Effie C Calavaza Zuni Sterling Silver Large
Paypal   US $189.95
Large Sterling Silver Navajo Ring with Green Turquoise Oval Wide Band sz 85
Large Sterling Silver Navajo Ring with Green Turquoise Oval Wide Band sz 85
Paypal   US $52.00
VERY OLD DEAD PAWN LARGE NAVAJO STERLING SILVER TURQUOISE RING jr
VERY OLD DEAD PAWN LARGE NAVAJO STERLING SILVER TURQUOISE RING jr
Paypal   US $249.99
OLD NAVAJO STERLING SILVER RING WITH LARGE TURQUOISE
OLD NAVAJO STERLING SILVER RING WITH LARGE TURQUOISE
Paypal   US $195.00
VINTAGE NAVAJO SC SILVER KINGMAN TURQUOISE LARGE 37mm RING SIZE 9
VINTAGE NAVAJO SC SILVER KINGMAN TURQUOISE LARGE 37mm RING SIZE 9
Paypal   US $47.00
AuthNative American Indian Large Heavy Silver Fox Turquoise Ring by Joe Tom
AuthNative American Indian Large Heavy Silver Fox Turquoise Ring by Joe Tom
Paypal   US $185.00
Navajo Ring Apple Coral Size 7½ Sterling Silver Large
Navajo Ring Apple Coral Size 7½ Sterling Silver Large
Paypal   US $99.95
Old Pawn Silver TurquoiseSz 5Gorgeous Large StoneGreen TurquoiseNavajo
Old Pawn Silver TurquoiseSz 5Gorgeous Large StoneGreen TurquoiseNavajo
Paypal   US $59.99
Navajo Ring Turquoise Size 7½ Boulder Royston Ribbon Sterling Silver Large
Navajo Ring Turquoise Size 7½ Boulder Royston Ribbon Sterling Silver Large
Paypal   US $99.95
ANTIQUE LARGE TURQUIOSE CORAL ONYX SILVER ZUNI RING SIGNED Sz 5
ANTIQUE LARGE TURQUIOSE CORAL ONYX SILVER ZUNI RING SIGNED Sz 5
Paypal   US $50.00

Silver Large

Gold & Silver Pullback as Forecasted Now for the Big Opportunity

Chris Vermeulen – www.TheGoldAndOilGuy.com

A few weeks ago I wrote about how gold was starting to top and that everyone should expect a very sharp drop to the low $1600 area. How I came to this conclusion was though the use of inter-market analysis combining price patterns, gold futures volume, the dollar index and market sentiment. This allowed me to understand what the majority of other traders/investors were thinking and feeling. By knowing each of these market variables and crowd behavior I can accurately see into the future a few days with a high probability of success and most importantly with low downside risk.

You can view part-1 on how I properly forecasted that gold would fall sharply in August here: http://www.thegoldandoilguy.com/articles/dollar's-on-the-verge-of-a-relief-rally-look-out/

At the time when I forecasted gold to reach the low $1600 area gold was still building the top pattern so I could not say how long a recovering would likely take nor did I know exactly when to re-enter a long position. But now that we have seen how gold arrived at my target price I can form a new forecast.

Spot Gold Price Forecast – Daily Chart:

The gold chart below clearly shows rising volatility along with my topping pattern of three surges to new highs. It was August 31st when I warned subscribers and my followers that gold was about to top and that everyone should be taking profits or at least tightening their stops to lock in gains. Only three days later gold topped and it has not stopped falling since.

On August 8th gold had a large opening gap to the upside. This means the price opened the next day much higher from where it closed the previous session. It's important to note that gaps especially for gold almost always get filled within a couple months. Seeing this gave me a solid reason to think that gold should pullback to this level during the next big correction in price.

Also during the month of August gold had to pullbacks only to continue to make the third and final high. This told me that when the top is put in place was a very high probability that we see the price of gold drop below both of Augusts' lows and that would trigger stop orders sending the market sharply lower.

Now that we are seeing the stops being flushed out of the market it means the majority of speculative traders have exited their positions. So speculative traders who caused the large surge in gold to take place are now out. Once all the speculative traders have exited which should take place in the coming weeks or two we can expect some type of bounce or rally. I will keep a close eye on the intraday charts for subscribers as we near a potentially major trade setup.

Where are we in this gold bull market?

Well I feel gold is more fairly priced between $1632- $1660 area. Currently gold is trading at $1660 but if things play out like I have seen in the past we just may get one more dip this week to the $1600 area before gold truly puts in a bottom. Because gold went from a new high all the way down to Friday's panic selling washout instead of a controlled ABC correction I feel a bottom will be more of a one day event. This type of bottom carries more risk and is more difficult to time and trade. So scaling in with a small position at this level and adding on a drop to $1630 then $1600 could prove to be the safest way into a gold position.

Forward looking I see gold bottoming over the next week or two then a nice relief rally to the $1775 area. Depending on how gold arrives there will alter my next gold forecast so let's wait and see how things unfold.

Watch my pre-market video analysis to see how prices are unfolding today: http://www.thetechnicaltraders.com/ETF-trading-videos/index.html

Spot Silver Price Forecast – Weekly Chart:

Silver I call the Un-Safe haven because to me it's not a safe haven in the way everyone's believes it be. I hear and see everyone including friends and family selling all their stocks and putting their money into silver. To me buying large amounts of silver with your retirement money is just ridiculous. I m sure my statement here will trigger an inbox of silver-perma-bulls (silver bugs) to send me hate mail but that's fine as my assistant filters my emails so I don't have to keep being reminded how rude some humans can be over an simple opinion…

Investments that can lose 25% in value within 2 days or lose 40% of it's value in 5 months should not be traded nor invested in with large portions of anyone's life savings, especially if you are over the age of 50 and have not proven to be a constantly profitable trader. No one can stomach losing that much of their nest egg.

That being said I do feel silver is in a similar situation as gold. I do feel a bottom is near. Silver has formed an ABC correction and the price and volume patterns seem to be in line with a typical bottoming pattern. After Friday's massive selloff I feel silver may slide a little lower yet before putting in a bottom.

One thing to keep in mind with silver is that it is very thinly traded; there are a lot of speculative traders involved which push and pull the price to extreme levels on a regular basis. So if the broad stock market continues to sell off sharply then I expect silver to follow suit.

Pre-Week Precious Metals Trend Analysis Trading Conclusion:

The price action we have seen this year for both gold and silver indicate were are just warming up for something really big to happen. It could be a massive parabolic rally to ridiculous new highs in 2012 or it could be a large unwinding of the safe havens as countries sort out their issues and the big money starts moving out of metals and into currencies and stocks.

Only time will tell and that is why I analyze the market multiple times per week to stay on top of both long term and short term trends. So if you want to keep up with current trends and trades for gold, silver, oil, bonds and the stocks market check out TGAOG at: www.thegoldandoilguy.com/trade-money-emotions.php

Chris Vermeulen

About the Author

Chris Vermeulen is Founder of the popular trading site http://www.thegoldandoilguy.com. There he shares his highly successful, low-risk trading method. Since 2001 Chris has been a leader in teaching others to skillfully trade in gold, oil, and silver in both bull and bear markets. Subscribers to his service depend on Chris' uniquely consistent investment opportunities that carry exceptionally low risk and high return. Reach Chris at: Chris[at]theGoildAndOilGuy[dot]com

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