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From Martin Armstrong:
The markets are in turmoil. Gold has plunged again trading down trying to flirt with 1206.
If we close below 1206 today, then get prepared for a test of 1174 which is the next Monthly Bearish beyond 1240.
If we get this signal today, it begins to look like we will break 1000.
Failing to exceed last year’s high keeps it on track where we have the potential for the low in 2016.
Looks like we will shake the diehards out of the tree.