Sunday, May 01, 2016

Gold/Euro final low Jan 2018

This chart is in agreement with Martin Armstrong's latest work which says that we are seeing a reaction rally in the Euro now that is not going to last, once the Euro turns back down then the Dollar will rally hard into 2018 driving Gold back down, so Martin's argument is that this is a sucker rally in Gold that will end sucking many in and then will be the fuel for driving it back down as stop losses kick in.


6 comments:

  1. Huh? First, Armstrong said Gold down to $800 in 2016 which would mark the final low. Then he said low perhaps in 2017 now 2018?

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  2. I have shown my Gold in Euros chart above that shows a major low coming in Dec/Jan of 2017-2018 this is in agreement with what Mr. Armstrong is now saying, yes last year he thought the final low would happen in March 2016 and then another low in 2017 is what he said then, but after Gold did not elect his next bearish reversal last winter he changed his view and said a rally should unfold. For his latest see here... https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/metals-update-tomorrow-may-2nd/ and here which shows the Euro is just testing resistance in its downtrend now and once that ends it will go onto make bigger lows which will drive the dollar up and gold back down... https://www.armstrongeconomics.com/future-forecasts/video-update-may-1st-2016/

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  3. This is in agreement with Martin's statement that 2017 will be the year from hell which he has said many times, my chart is showing Jan 2018 for the low but it could also be December, the signals are always within a couple of bars and this chart is a monthly chart.

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  4. Moving the "key targets" forward until they hit seems to defeat the purpose of being a "forecaster" in the first place. I'm sadly disappointed in Armstrong's work after his 2015.75 "big bang" call which is now called 2017 "year from hell"

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  5. When Gold was about 1800 Armstrong said is was going to the 1200 area, then he said it should go down to test the 1980 high around 850, he said by March 2016 but if he got the time wrong but is ultimately correct in the price then that is still something real. If you don't like him then don't read his stuff, simple.

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  6. Hi Russ. I got a high in gold / miners in Sept 2017 then a major low in December 2017. Gold hitting 900 usd in 2018. I am a futurist and I am amazed at how your work agrees with me. For confirmation do you still see this?

    Thanks , dave

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