Sunday, December 25, 2016

Gold Update - GLD is projecting a Feb high

This contradicts my GDX projection below for a bigger low by Feb/Mar,  For a variety of reasons including money flow indicators and cci on gld showing an uptrend I think a rally is coming over the next few weeks, this means my original forecast from last summer for XAU to bottom in Nov is about correct (even though it kept going down into Dec for about 3 extra weeks).

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