1285 is the 50% correction we rallied from 1210 to 1360 in 2 months time we have not yet corrected 50% of that move, this is a strong market, not a parabola. if the 50% point holds it tells me that the market is firm. the next wave up should be very robust. we are in the strong part of the year w/diwali on october 19th. (modi has not lived up to what he was said to be, i dont see his positive influence on the indian economy) make no mistake cbs are out there buying gold on a monthly basis . these trade wars are forcing countries to do so. when mnuchin tells them they will be locked out of the swift system , what choice do they have?
if you go back and look at the laws that were enacted in the late 1920s , it caused isolation and separation so strong areas of the world couldnt support the weak areas as normal trade does. we are making the same mistakes again
the formula is currency wars lead to trade wars lead to shooting wars. i dont like this , but i have to accept this is where we are. the positioning of n/korea sharing borders w/ s/korea , china , and that thin corridor w/russia. make this of great concern.
one other note. it is said that n/korea has been using blockchain/bit coin to buy arms . china has outlawed them both. lets see if this becomes a move by govt world wide. the noose gets tighter. govts try to survive , no matter what . if you emulate them , then you have a good chance to survive. they hold gold not silver , bit coin, block chain etc. they hold gold
they talk down gold , but they hold it they want us in fiat that they print and control . and there is china talking about a gold backed yuan as a currency
Edited by dharma, 20 September 2017 - 02:54 PM.