I remain short gold. It was not even able to touch the break-down resistance line, which is an inherent sign of weakness. We are now falling back into the original box we broke out of in October, again pointing to weakness.
Any hesitation in the Dollar's inevitable rise will produce a bounce to add to a short. I will short any bounce against the October 22 high.
My long-term target remains intact, below 1000. Indeed, we may see this target materialize in 2019, which will signal the final act of our present financial system: the Dollar bubble.
Any hesitation in the Dollar's inevitable rise will produce a bounce to add to a short. I will short any bounce against the October 22 high.
My long-term target remains intact, below 1000. Indeed, we may see this target materialize in 2019, which will signal the final act of our present financial system: the Dollar bubble.