for those that did not see this, as rates rise (fed meeting says June is likely to start the increases) then capital will be attracted to the dollar the the Euro will collapse along with the European Union, this will cause gold to collapse down to the 850 level, the test of the 1980 high before the real gold bull market starts taking it to over $5000 as confidence is lost in government, going to be a wild ride...
" At last year’s WEC, we warned that the collapse of the euro was underway. We achieved the Yearly Bearish Reversal on the close of 2015, but we did so far below the number. We had been waiting for the rally to retest the 11600 level, which we finally achieved. The ECB monetary policy has been typical banker nonsense and has brought Europe closer to a major financial crash. Draghi has applied the unsupported quantity of money theory and assumes he will simply buy in the debt and the cash will miraculously be spent wildly by consumers. Trading volumes and the velocity of money have been falling in general since 1996-1998. The low to negative interest rate policy of the ECB has endangered pensions and ailing banks, and this is just now beginning to push pensions and banks over the edge. Draghai will not admit he is wrong, so he will blame everyone other than himself."
https://www.armstron...th-of-the-euro/
Edited by Russ, 18 May 2016 - 02:41 PM.
