Sunday, November 8, 2015

Gold and Dollar: terminal phase?

The US Dollar is surging again. One of the causes to which this is attributed is a flood of buying from Europe. Why? Because German banks are teetering and the ECB is talking about a Q!E-like move of money printing.


Gold, on the other hand, is in what looks like a terminal plunge. Larry predicts that if gold closes below 1073, it will go lower and be on time for its price reversal in the middle of November. But, if 1073 holds then gold's low will be delayed another quarter. Interestingly, the reverse head and shoulder worked as expected


No comments:

Post a Comment