Gold: Here we Go Again?
by Martin Armstrong
Armstrong Economics
QUESTION: Mr. Armstrong. Are you calling this rally in gold a false move? What does it take to get you bullish? Will you ever be bullish?
ANSWER: When all markets line up and display that there is a trend in motion, which is then definitive, I will clearly state so. Gold has performed in a typical manner. When it closed ABOVE our year-end number of 1044, I stated it was not as weak as it appeared. It then started to elect ONLY the Bullish Reversals, not Bearish. There was a turning point coming up and it was moving higher into it. So what is the big deal? The Dow closed lower at year-end, warning of a correction, and the euro should rally back to the 113 to 116 level. Everything was in line for a reaction, not a major long-term change in trend. That would require political reform in Europe at the very least. Here is the technical analysis for today. It shows the extreme resistance at 1315, and underlying support at the 1216 and 1207 levels. It simply is what it is. This is not opinion nonsense.
Continue Reading at ArmstrongEconomics.com…
Source: http://financialsurvivalnetwork.com/2016/02/gold-here-we-go-again/?utm_source=rss&utm_medium=rss&utm_campaign=gold-here-we-go-again
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).