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Message Subject
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IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
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Poster Handle
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Punk-A$$ets |
Post Content
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Check out Martin Armstrongs new post about the current markets. Here is the snippet for gold: "The closings for July were quite important in the long-run.Gold on a nearest futures basis closed July at 1281.30. Support during August will lie at the 124000 and resistance will form at 1285.00 on a closing basis with 1318.00 followed by 1350.00. We do not see a possible final low before Jan/Feb 2015. The uptrend line is about where the last lows were. This is typical and most standard chartists will see that break as bearish long-term. We need to break that support to see the towel thrown in by most. So we are still looking for a low under $1,000 and that could form as early as Jan/Feb. We will lay out the details going into September 2015 in the coming report." 6-7 months for THE possible low ladies and gentlemen. That aint too far off now.
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