Originally posted by Crom Valen:
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Not definitely, but there's around about a 70% chance, which is worth a bet isn't it? Firstly, how on earth could you estimate a '70% chance' when some news could break at an time which could increase safe haven demand. If this afternoon either the US or China were to say 'the deal is off' for instance. Your pseudo-science is a laugh. Where are your goofy purple arrows pointing straight down? On each previous occasion, Gold promptly rose, rendering your chart utterly meaningless as usual. I know you are into astrology, which explains a lot.
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I know you are into astrology, which explains a lot. ------------- Incorrect, but I monitored some astrological stock market forecasts for a while to asses their accuracy, which was a flop. However the stars are certainly aligned for a bankstering for precious metals if the charts are anything to go by, everything points to lower prices. You may remember I pointed out a bearish head and shoulders the other day, and this has morphed in to bearish descending triangle. The XGD will break out lower today.