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Gold Surges To 4-Month Highs, page-315

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Ophir

11,173 Posts.

51

10/02/16

21:55

Post #: 16990135
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Originally posted by KnuckleSandwich ↑

I see Gold is already down $15 from its recent high. This reminds of 12 months ago in February 2015 when Gold rose and touched $1,300 and according to Gold bugs at the time this was it ... the new dawn for Gold. What actually happened is Gold failed (yet again) and ended up setting new lows later in 2015.

So if Gold's February high this year has been reached at only $1,200 which is $100 below February 2015's high. Then if Gold plays out this year similar to 2015 (which I expect it will) then Gold will hit new lows of around $950 in 2016 and despair and loathing will return to anything Gold just like it did 2015.

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Is that hope? Have you just gone short then? Good luck Knuckles ... Imo you're going to need it
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0 Great analysis

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