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Jonny R

282 Posts.

2

09/07/17

19:30

Post #: 25756170
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Originally posted by JFI ↑

If we see gold sub US$1165 then could move much much lower in my opinion on all this downwards pressure. US$1165-70 range would be most likely firm candidate for a reversal other than some new news driving price firmly upwards.

A firm reversal from US$1165-70 range upwards would cement 2015 as a major reversal point in multi year trend downwards. If this occurs then a fast move upwards would be most likely I think.

Markets certainly irrational now most of the time and clearly separated from reality.

Again anything seems possible now in this twilight zone financial system. Anything can mean anything and that can change any and every day.

Back buying physical metal as the price is cheaper than before.

Good luck !

JFI

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Yeah, I gotta agree. This is twilight zone stuff. End of the long term debt cycle, unprecedented central bank intervention, AI trading, dark pools. My opinion is that charts ain't going to cut it. We could have a 1987 in stocks, or commodities, or precious metals. Take your pick and be confident at your own peril. IMO
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