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Gold & the False Move

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Lobo
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Gold & the False Move

Post by Lobo on Fri 19 May 2017, 2:08 pm


QUESTION: Dear Marty, could the current ongoing deleveraging in China cause Gold and Silver to fall beneath 1000$ (Silver under ?) or is this currently no big deal what`s going on in China? Keep up the good work!
Best regards,
B

ANSWER: There are so many fundamentals out there is hard to predict which one causes what. Combined, they are all a nightmare. What is essential, is if we are going to really rocket up in a major phase transition, you MUST always have the false move first. These are just minor swings creating the false move which is always counter to the ultimate trend. To swing down under the December 2015 low will cause people to capitulate and then you will make a run and swing out to new highs.

With the stock market crash into 2009, this was the PERFECT storm, which was a FALSE MOVE. Even Barrons as last of 2011 ran a story saying tongue in cheek how I was forecasting new highs. They thought it was a joke. That’s because these people have never been traders or students of the market. The chart patterns are always the same regardless of the instrument because you are plotting human emotion – not really that instrument.
The most powerful move up for gold requires a false move of a slingshot proportion.
https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/gold-the-false-move/

    Current date/time is Fri 28 Jul 2017, 9:44 am