This is one of the keys to gold moving up - the US dollar weakness (contrary to Martin Armstrong's view) . This video talks about it... http://moneytalks.ne...lar-crisis.html
The CCI on my chart shows the dollar is weakening, while the momentum oscillator below it shows a big low in 2020....
Gold projection for high in 2020 and huge low in 2032...
Martin Murenbeeld's projection chart for gold....
"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
Thanks for sharing. Nice chart work. However in the very near term it seems like the dollar index wants to break up north out of a smaller inverse head and shoulder pattern?
And Does it make sense to anyone here that the final low in mining indices will occur without a retest of the december 2016 swing low ? that seems quite odd.
Thanks for sharing. Nice chart work. However in the very near term it seems like the dollar index wants to break up north out of a smaller inverse head and shoulder pattern?
And Does it make sense to anyone here that the final low in mining indices will occur without a retest of the december 2016 swing low ? that seems quite odd.
There is also a head and shoulders on the top of the dollar chart too, I don't have a read on the short term though, but going into 2020 it looks quite strong that the dollar index will form a big low. Armstrong is now saying that the US bond markets will start to crash next summer, it is also very interesting that my gold chart shows a major low for gold in 2032 because the is the peak of Armstrong's pi cycle model for the 8.6, 51.6 and 309.6 year cycles, after that he sees western civilization going off a cliff... see this interview, time index about 34...
Edited by Russ, 17 December 2017 - 12:00 AM.
"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
as per dharma's post.... the recent pull back could be interpreted as a test of the breakout of the top downtrendline from 2011...
"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