Gold, page-2040

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Skol

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27/11/15

14:34

Post #: 16495156
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Originally posted by JFI ↑

I agree that we are reaching an apex but as things stand I hold a different opinion that you Skol, with respect Sir.

If you look multi year from 1980's, a longer time frame I see a downward trending wedge (triangle) that is due to breakout (agree we are reaching a junction). I would argue that this will re connect with what is still a long term bull run from 1980's… that means that this long period since 2011 in downward (short term trend, yes short term in the longer perspective) that the amount of reconnecting energy will push Gold to $2000 very quickly when the move comes to reconnect. And it will reconnect to this level and higher. Whether it is soon or takes longer not sure. Again, it will not happy in a day Skol (like the DJIA saga !) but it will take a while, likely less time than previous time it took to reach $1900 from $1100 range pre 2011.

Now gold bull took longer to get going after 2007/8 economic dramas but I tell you it will not this time as these sagas are fresher and fresher in participants and the collective conscious memory now.

Markets in general to start further falls on this 'falling away' which began end of August 2015 (after flash crash) and Gold to make moves northwards in conduction with these events on other markets.

Expecting Gold to reconnect to major economies global money supply glut, USA, GB, EURO, JPY and others and that means a long way upwards.

JFI

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Gold has nothing to do with currencies, those days are gone, you can pine for them but that party is over.

100,000 tons of gold wouldn't make the slightest bit to difference to the USD, no one cares, only goldbugs.
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Gold, page-2040

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