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Gold - Mid 2014 Low


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#1 Russ

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Posted 18 February 2013 - 02:08 AM

This is a very strong signal and is in line with the Kress cycle low for 2014 as well. Merkel will probably be re-elected in September which will produce renewed but false hope for the European Union, this will cause Gold to collapse possibly down to Armstrong's 1150 before it resumes its rally towards 5000 dollars by 2016 or possibly later.
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"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



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#2 Russ

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Posted 18 February 2013 - 04:20 AM

Alternate view.... if Merkel is not re-elected this could lead to a further loss of confidence in Europe leading to the bottom in mid 2014 for the markets in general and Gold will just follow the deflation down, whatever the reason Gold looks to be in a mid term consolidation that will take it down into 2014.
"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/

#3 Russ

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Posted 19 February 2013 - 04:00 PM

Is it done yet?
http://stockcharts.c...61307112927.gif
"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/