Gold: Bulls Return; Eyeing Major Break-out Early October
Gold bulls have returned in full effect late today (Friday), and have held off the bottom that I predicted a few weeks ago which I correctly claimed to be 1484. Many other people predicted 1440 then 1400 and I correctly predicted 1484 would be the lowest value level in this current leg.
We have several driving forces that are appearing to set us up to certainly re-test 1540 early next week, with perhaps a new yearly record into and past the 1560s by the end of next week. I am eyeing 1600+ (as I have stated consistently for the past 2 months) by early October.
There are several key geopolitical factors that will drive Gold/Silver in October, November and December:
1) Rising Middle East tensions (War; Oil)
2) Weak(er) economic data
3) Trade escalation
4) Predicting an announcement of QE (or some new fancy term they put on it in the USA) by December or January which will push Gold/Silver higher into early 2020 parabolically
- zSplit
We have several driving forces that are appearing to set us up to certainly re-test 1540 early next week, with perhaps a new yearly record into and past the 1560s by the end of next week. I am eyeing 1600+ (as I have stated consistently for the past 2 months) by early October.
There are several key geopolitical factors that will drive Gold/Silver in October, November and December:
1) Rising Middle East tensions (War; Oil)
2) Weak(er) economic data
3) Trade escalation
4) Predicting an announcement of QE (or some new fancy term they put on it in the USA) by December or January which will push Gold/Silver higher into early 2020 parabolically
- zSplit
