Gold Breakout daily

[trilogic]

Goldman Jeff Currie head commodity strat had been making the rounds several times regarding Gold going lower, also Oil, precedent was FED raising rates, they are short, and many "customers" I bet as well..... they now are "quiet" on the public front regarding the "call"

 

[m1nt]

my crystal ball says we hit $1350-$1400 at some point before falling well below $1000.... but w/ the negative interest scenario who knows.... maybe we get a real breakout

 

[trilogic]

wow, when do you see 1350 , any time line? thnx

 

[m1nt]

w/in 6 months and w/in 2 years sub $900

 

[trilogic]

thanks. I would like to see 1300+ next week, no reason this USD could not really suprise move to downside and get gold bid

 

[m1nt]

... just one guy with an opinion amongst many... I have been following this for many years though.... good luck.

 

[trilogic]

well see

 

[trilogic]

brutal week, more sideways to down action, need event......

 

[trilogic]

SIL wow.... but Gold doing ok, breakdown in equities will slow silver to a halt and gold will have these 4% up moves

 

[jem]

thank you for pointing out the chart. I did not comment because I don't really like most patterns within ranges. Years ago I made money trading flags... but not flags in ranges. I use to love trading a flag withing a flag. But... I am not sure that pattern is even useful anymore.