Thursday, April 21, 2016

XAU Late June to Early July High

After a high this should be followed by a low into Oct/Nov. 2016

5 comments:

  1. How do you reconcile the Canadian dollar high late this fall with metals falling into the late fall?

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  2. Actually I had noticed the contradiction, and I just looked at the Canadian Dollar with more accurate software and it is pointing at early to mid July, so I will change what I have posted. Thanks for reminding me on that.

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  3. You have both a fall date in 2016 and 2017 for XAU. Just curious about how to interpret. Also, do you see the dollar bottoming in July.

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  4. The 2017 autumn low for the XAU has now been violated due to the huge upmove in the miners, it is too early to see where this trend will produce its next major low other than a low this coming Oct/Nov which will probably be a test of last winter's low.

    The US dollar index looks like it will form a low in August, longer term it looks like a huge low in late 2020 which is in line with Armstrong's ECM model for a major low in the general business cycle or economic confidence. Armstrong thinks there is going to have to be new currencies after the debt implosion takes hold and the USA will not survive as one nation but break up into several countries, hard to imagine but then again Rome was once strong too, if bankruptcy shows up and people are not getting paid then that is when it can all fall apart. Fairly ironic that Obama is taking Jackson off the currency as he was the only president to ever pay down the debt while Obama got elected attacking Bush over debt but has now about doubled the US debt which will be in the 20 Trillion dollar level by the end of his term, he now says the US has always had debt which is just not true, the establishment just acts as though nothing is wrong, at the press dinner last night there was no mention of it. Politicians should be going to jail for this outright theft from the taxpayers.

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