gold breakout imminent, page-9

Thanks Squadger, was well aware of it and waiting with baited breath to spark a discussion to this end.

Roughly brought the below chart up to date.

https://www.kitcomm.com/showthread.php?t=88630


Clearly based upon the premise that the US are not only incapable of controlling their ever increasing rate of debt but also that the pog tends to rise in sympathy with it.

It certainly appears driven by the market pre-empting government/central bank rhetoric/action at given moments and fluctuates between leading and lagging but quite prophetic none the less.

Notice how the market on many occasions in the past have pre-empted the rate of debt increase and pushed gold up to that ceiling ahead of time where it needed a little time to cool-off. That for mine, is what we saw with the $1900 buck surge and has drifted a little below that price and timeline because the debt ceiling can has been kicked down the road another couple of months......If the trend continues as history illustrates, you'd be looking for some pre-emptive money start to flow in to gold very soon and a more explosive move when or if the debt ceiling is re-set around May.

US debt is currently a little over 16.5 trillion.

Hava great weekend one and all.

PS. Anyone notice the volume drop, almost out of people prepared to settle for 11.5 for mine.