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


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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


Neno

I can be reached by phone or text 8am-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

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Gold in the Wake of Paris

    Lobo
    Lobo
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    Posts : 28411
    Join date : 2013-01-12

    Gold in the Wake of Paris Empty Gold in the Wake of Paris

    Post by Lobo Mon 16 Nov 2015, 3:00 pm

    Gold in the Wake of Paris

    Posted on November 16, 2015 by Martin Armstrong

    Gold in the Wake of Paris GCNYNF-W-11-16-2015
    Although gold made a knee-jerk reaction rally to 1097, at the time of this writing it has fallen back to 1087. We elected one Weekly Bearish at 1084; from the last high, we generated a few more in the 1079 to 1071 area, followed by 1040 and 1026.
    Gold in the Wake of Paris GCNYNF-W-Revs-11-16-2015
    It is between 1026 and a small gap down to 983, followed by 934 and 885. The horizontal lines are the reversals – red for bearish and green for bullish. There are clusters forming above (resistance) and below (support).
    Gold in the Wake of Paris GCNYNF-W-Euro-11-16-2015
    Keep in mind that the goldbugs will jump up and down, declaring that war is great for gold, so you should buy gold again. First and foremost, capital flees from the battlefield. The dollar rallied sharply for World War I and World War II. Gold made its low in euros in January of this year, not in July, as was the case for dollars. Everyone trades based upon their currency. The rising dollar is where you will need to focus your attention.
    TIME is still the most important factor, so look to the Benchmarks.
    This entry was posted in Future Forecasts, Gold and tagged Gold, Gold Reversal, goldbugs by Martin Armstrong. Bookmark the permalink.

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