Silver and Gold about to fall off a cliff

Ive been fortunate with the last few silver calls..Here's the last post made on July 1..  I believe the corrective wave 2 is close to completing this week, around 45.50..The next wave down should see us back below 30..

The gold buying frenzy continues, taking it ever higher.. On this blog, ive tried to emphasize one point in particular..That the news counts for nothing! The markets have targets, placed well in advance by market makers.. Fundamentalists (people following the news, or value analysts) will argue that gold is in a bull market, heading to infinity...

But, every bull market comes to an end, and this one in particular is very close to ending. The extremely fast moves we are seeing now are telling us that its about to end, (or climaxing).....This is not a time to add, or buy. Rather this is a time to liquidate, and go short..What saddens me to see is that so many people are getting caught up in the hype and buying here at these prices.....Human memory is too short however, these same people, or fundamentalists will be buying all the way down..wondering what went wrong after its too late. I reckon we'll never even get to 2000..

with the exception of the 2 blue circles, we've seen a reaction at every Fibo level here. Im betting 1960 should be the level to flip this gold bull over its head...There's so much momentum to the upside, any strong pullback can quickly turn into a crash..