Tuesday, June 06, 2017

Gold chart projecting 2020 high.

The light blue line argues that Mr. Armstrong will not get his slingshot move down to 1000 or lower before the launch.  The parallel green lines are suggesting Gold will get up the $9000 area by 2020 which is hard to imagine but if Europe falls apart things could get interesting.  Xau is projecting a high in August so I am expecting more downside into next winter after a good summer rally... dejavu all over again. Gold is breaking out of it's downtrend-line from 2011 now. 

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