Gold: Told you so
By Colin Twiggs
November 27th, 2015 6:30 p.m. EST (10:30 a.m. AEDT)
Advice herein is provided for the general information of readers and does not have regard to any particular person's investment objectives, financial situation or needs. Accordingly, no reader should act on the basis of any information contained herein without first having consulted a suitably qualified financial advisor.
Gold broke short-term support at $1065/ounce, confirming another (primary) decline. 13-Week Twiggs Momentum peaks below zero indicate a strong primary down-trend. Target for the decline is $1000/ounce*.
* Target calculation: 1100 - ( 1200 - 1100 ) = 1000
The Gold Bugs Index, representing un-hedged gold stocks, still has to break primary support at 105. But this now appears inevitable.
You can discover what your enemy fears most by observing the means he uses to frighten you.
~ Eric Hoffer
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