GOLD 0.51% $1,391.7 gold futures

i feel compelled to issue a warning here, page-21

  1. 2,213 Posts.
    BBrad, sorry you have taken loses buddy but at least you sold some and will ave powder to take advantage of the coming low.
    And yes long the USD but I have been long from much lower levels so I wouldn't establish a new long position until it breaks higher. Look for a break above 84 to go long. This should see a rise reasonably quickly to 90 minimum or 500 points.

    After that we could see re-newed resistance but will have to see how it behaves when it gets there. It is possible it could break 100 longer term but I am not prepared to discuss that too much at present other than to say we appear to be duplicating the move in 2008

    Longer term RE gold I side with Martin Armstrong's position and we are I believe in a 30 year commodity cycle event.
    Ultimate highs in gold wont be seen for years.

    Cheers
 
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