Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality

Iraq Dinar/News is a popular topic among many topics this board offers. You must log in to see and participate in our Dinar sections.

Your welcome to be apart of Anesis Club (Private) after at least becoming a FREE Rookie in my Network at this link https://www.onelife.eu/signup/nenosplace

Neno

I can be reached by phone or text 7am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2017


Gold What Now? February 16th, 2016

Share

Lobo
Moderator
Moderator

Posts : 19744
Thanked : 943
Join date : 2013-01-12

Gold What Now? February 16th, 2016

Post by Lobo on Wed 17 Feb 2016, 3:03 pm


QUESTION: 
Hello Martin
Today it seemed as if you posted a basically bearish Euro call and a temporary bullish Gold call. I understand that a crisis in the Euro could get people to buy gold but in the long term if the Euro falls to 80 Cents, Gold in Dollar terms would drop to the $ 1,000 per ounce you have been predicting. Don’t the two calls conflict ?
Thanks
Confused.
ANSWER: This is how it is set up on our model. But keep in mind, this is short-term swings, not yet long-term changes in trend. Our opening pivot point is 1211.77 for tomorrow. It is still pointing upward. When that turns down, typically so will trend. Keep in mind that a panic in Europe will still have a positive impact on gold. You may actually see the dollar, Dow and gold rise. Eventually, this will be the trend to emerge when capital realizes that it is not looking very good outside the USA with war brewing in the Middle East, Europe controlled by madmen/madwomen, and we will see the three link together briefly.
The second phase when people then turn on the USA, then gold would rise against the dollar. That trend is not yet here. For now, we are in the staging process. The relationships will be tested to their limits. So a gold rally is still possible in a crisis emerging in Europe. It may not last long-term.
We need a monthly closing in gold ABOVE 1363 and a Quarterly closing above 1309 before you can negate a potential collapse still below $1,000. We have central banks dumping gold to raise cash. So this is not over until the central bankers scream. Holding 1170 on a closing basis leaves gold still positive for now. We had Directional Changes for the 15th and 16th and gold turned down. So if the low of the 16th holds, then look at the volatility also starts to rise and this coincides with what we see in the Euro. Plus, our target on the Euro given back in 2011 was for its collapse 2016.202 (see posting tomorrow).
https://www.armstrongeconomics.com/uncategorized/gold-what-now-february-16th-2016/

    Current date/time is Sat 21 Jan 2017, 2:33 am