Loading ...From Marty’s Gold Report (the previous gold report called the low in Gold the Week of 12/7/2015 and it was spot on). The next big date for Gold is not due until the week of Sept 10, 2018.
The gold price at the end of December (in a few days) will tell us how this should play out.
Scenario #1: We close the end of the year under $1060.
2016 will mark the low on an annual basis.
The intraday low will occur in 2017. Ideally the intraday low under $1000 will retest the highs of 1980 @ $875. The first opportunity for this low will come in January.
Scenario #2: We close the end of the year above $1060.
2017 will mark the low on an annual basis.
The intraday low will occur in early 2018 during the next convergence of Benchmark dates.
Worst case we go as low as $681 in 2018 and then we slingshot out of this low.