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"Dr. Gold" Martin Murenbeeld Interview

Murenbeeld Bullish

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#1 Russ

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Posted 18 November 2017 - 03:08 PM

He noted that gold is moving up in many currencies which is what is needed for a real bull market. He wants to see 1300's achieved initially for gold to get moving. Interest rates and dollar were mentioned as key factors for gold. Said that the US tax bill if passed could cause a set back in gold temporarily but he is bullish farther out.

 

 

https://globalnews.c...cknw/?gref=cknw

 

 

My work is bullish now and I am long Nugt. My chart for those that missed it on another string...  


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#2 tradesurfer

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Posted 18 November 2017 - 06:12 PM

Why would tax reform cause gold to go down. It has been talked about for so long and is probably already baked into the price .

#3 Russ

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Posted 18 November 2017 - 06:45 PM

Why would tax reform cause gold to go down. It has been talked about for so long and is probably already baked into the price .

As he said in the interview a tax reduction deal could boost the dollar and gold could react to that since gold is priced in gold, in theory.


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/