IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???

by the way this is PA.

Great breakdown (as expected anyway) now... so this should be it for this bounce, but you still expect a rally up to $1300 in summer, right?

Hmm...

Yes. I suspect Armstrong will be right (Again!). June will mark the low then opposite of last year we will have a rally into fall. As long as we dont get below the last low I will believe that.

USPJPY finally breaking out of its month-long consolidation as well

I guess I will have to agree with you if gold fails to make new lows in the coming weeks.

For now it's been a good day, we broke $1200 and $1190 and failed to bounce (which we have seen so many times before), so further weakness should come quickly.

Check out that dollar. If this thing carves out a bottom for the next month or 2, can you imagine the next move upward once it breaks above the last high? Holy crap its gonna be huge.

Yep, the Euro is fucking finished here. No way it's coming back.

Given that we could predict that the whole mess with Greece might escalate horribly, because then Gold could rally together with the Dollar.

I hope so. Just now starting to buy some items from Spain so if we can get the euro to roll over it would save me considerable money. I guess we could trade sideways for a considerable time before new lows in the euro. Many months probably?

dont know what it is Armstrong sees in gold here. looks absolutely terrible. but hey, he's Armstrong. lol

Interesting spike up and back down in gold at the open. Creating a quick top (close-retest of $1200) to be able to head down next?

Hahaha, here we go again, LOL

I FUCKING hope this was the final retest, I'm getting sick and tired of watching this nonsense.

As you said, the chart looks shitty as fuck, so could we just break already?!

So yea, the chart looks even shittier now, we literally have to go down... but whatever.

It's nice how bad gold and silver perform in the face of a 200-pips rally in the Euro.

Been days since I could access the site. Same old shit.

PA

I think as long as the dollar can stay above support here it'll finally have its footing to commence its bull market. LETS HOPE. That declining pattern in gold is almost 2 years old now and one would think a big move is around the corner. Looks bearish as hell to me but of course I wont bet against Armstrong fucker.

PA

Euro rallies more and Gold/Silver go down, neat...

What's going on, did they even ban your IP here? lol

I agree. Roughly 20% risk to the downside from here. I wouldn't leverage in at this point, but accumulating might be a good idea. Best bet is wait for a confirmed trend change.

Last time I bought (I made the call publicly then too) was August 2008. Last time I gave a sell signal (publicly too) was a couple of days before silver hit $50.

Past results are not an indication of the future.

Come to think of it, I did give a public buy signal when silver fell into the $20s after $50. I was wrong on that one. I did stress that it was a long term multi-year trade though.

Maybe we'll get lucky and gold will dive along the downtrend line and make a lower low before Armstrong gets his summer/ autumn bounce.

Yep, baned. Someone has a network around my neighborhood that I can get onto occasionally. Maybe there will be a lift of all banes soon.

Seems to have found a floor at around $1160. I think the buying picks up whenever it drops below $1200. I don't think that will change with the number of physical buyers steadily increasing.

Dollar should be at its bottom if its going to hold. This is where the next rally to above 98 should start. I hope.

PA

Then stay around with us here. :)

Anyway, gold/silver continue to be shitty in the face of a strong Euro, which should top imminently? Let's hope it all falls together soon...

Yup, Euro was oversold and that should be it now.

Physical buyers don't matter much technically.

All we see for two years now is stubbornness which must break. Or I hope it will break to start a sound new bull market.

Armstrong says go back to sleep. lol

PA

Looks like a perfect top in the Euro to me...

All he's saying is "So we should expect choppiness for the summer."

Do I miss something or does he no longer mention a 100% rally?

We didnt get the weekly close above $1239 so I think he says more sideways to down now. But really he is the master of double talk nonsense that can be spun both ways.

I still might try to play a bounce when/(if) we get signs of a summer bottom. I've been busy all winter but now I am really to play.

Yes, I hope that was it for the euro. Looks good for a new down trend to me too.

I hope the payrolls come in super strong and cause this gold market to crack hard. Like pushing a boulder off a cliff. Oh please lets just do it already. lol

PA