Loading ...The Govs world wide but esp here and Europe are pushing everyone in the market and still are buying tangibles too.
heres something Armstrong wrote while back believing gold will go up at different levels the next when interest rates move. Just got back from down south from Disney. Met a Aussie where I was staying, she learned what a gold bug was and a few other things. Disney so crowded now fast passes a must and if you go on a major Holiday get in early and don’t leave cuz they close entry after so many and don’t leave you might not get back in.
Armstrong gold for June 2014
Gold is moving into the June seasonal low on schedule. A closing for the month on a Nearest Futures basis tomorrow below 1251 should result in the sharp decline. A monthly closing BELOW 1192 will warn serious of a sharp decline that will more than likely break the $1000 level. C A U T I […]
That said; I received emails about others saying that number in gold of $50,000 – not Jim Dines.Perhaps they plagiarized him – I do not know who was first. As I have said, $50,000 is not a real gold target for me because it is not about opinion. To see gold above even $10,000 requires the assumption that the dollar decline placing such a move in the realm of currency inflation. For that to take place you must see a like advance in everything else, real estate, wages etc.. The maximum price projection for 2032 seems to be the $22,000 to $24,000 dollar level. That is derived purely technically – not my opinion or what I think. That is not even a forecast saying that is where it will rise to reach by 2032. That is just what it is – answering a question as to how high is it possible FROM A TECHNICAL perspective for gold to reach. If that was reached and there was a collapse, you will not hear me say see I am better or some other stupid childish remarks. I am concerned with timing and price that are two separate and distinct model designs.