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You won’t own it anymore.Larry you tell then as you see them i like it like that..keep that steam engine rolling Run for the hills, they say! We pay special attention to the net long positions of non-commercial traders when gold is bottoming. On Friday, gold was pushing above my weekly buy signal at $1,363.50.Friday morning’s strong employment data, however, sent the dollar soaring, the euro plunging and gold down more than $26 for the day. Larry’s writings serve as a good guide.A lot of economic growth can lead to a faster pace of life which can lead to more stress caused by over work and traffic congestion. 2020 Wealth Wave, Inc. All rights reserved. As long as gold is unable to close above $1,363.50 on a Friday closing basis — October futures contract — then gold should follow the path seen in the AI forecast chart above into a low in early October. They are up 128.84% and 142.63% respectively. Every day I tell myself to get out of the market and wait for a better entry point but every day I do nothing but watch my portfolio increase in value. Like so many things, the answer depends upon your objectives.I would like advice whether to continue buying metals or hold on to what I have an see if it goes up…..I hear it could go up quiet a bit. Last year, before gold made its bottom in December, you predicted gold would make a bottom in December and commodities, particularly crude oil, would bottom early the next year in late January or early February; and, that is exactly what happened. Some analysts believe Gold prices are rising because investors see the metal as a safe haven against global uncertainty and a hedge against inflation — especially with the Federal Reserve undertaking unprecedented levels of stimulus to combat the coronavirus pandemic.But several factors could send prices crashing back down to earth. I was going to sell 1/2 of my gold and sliver miners on Thursday prior to the jobs report suspecting a big beat, but my day-job consumed my time that day and I never had a chance to pull the trigger. For silver I would consider ProShares UltraShort Silver ETF, symbol ZSL. If you get caught on the wrong side of the trade the losses can be devastating and psychologically unbearable. Twitter: twitter.com/investinghaven Top notch forecasting with gold price forecast, many stock predictions, cryptocurrency charts. $1,250 to $1,275 is about a $100 correction, or aboutHi Larry. It will be interesting to see what happens with precious metals miners if bullion prices continue to be strongly bullish as they are at the start of 2020.We have been successful forecasting gold prices in recent years.To illustrate this we go back to September of 2015.
The author holds zero interest in gold.As a writer with over five years of financial experience, William Ebbs has earned millions of page views with his hard-hitting, opinionated work. When disruptive ‘events’ take place (a major breakdown or breakout) the gold market goes its own way, and does not correlate to the USD.That’s exactly why our point is that both markets track each other (inverted) The next leading indicator appears to be directionally reliable in forecasting the price of gold. These include a flight to safety out of The gold spot price currently stands at $1,744 per ounce, and the SPDR Gold ETF stands at 162. the end of 2011 i said the gold bull was over and it would go below $1,000. If gold drops to $1,560, it might make sense to go short. In some investments, dollar-cost averaging can be a good practice, if you’re planning to hold your position for the intermediate- to long-term. G20 meets early Sept and by late Sept, we could see the dollar as reserve currency replaced by SDRs (Special Drawing Rights) which could likely mean a weaker dollar and inflation. I sure hope your forecasts are correct!I really appreciate a WEEKLY update and chart for gold, the Dow, and oil. Upgrade to Premium Membership to remove this Banner & All Google Ads. It won’t last.Yes, long term, the stock market is headed to Dow 31,000. 2. One of my portfolios is already up 100%+Wouldn’t it make more sense to just reduce my positions and to wait and see what happens?I would not advise the use of inverse leveraged etfs to inexperienced or not daily traders. We are entering the 2 best month in gold so it will suprise me if gold break that $1320 support.Larry, will you be in China on Sept 4th when the G 20 switches to the New WorldChina will become head of the New world Financial System.Gold and Silver will probably be in play. It was hit in 2019 almost to the penny, and became support in 2020.Before the gold price broke through 1557 USD it was in a bear market, and the 6 year bear market wall was the resistance area. Investors shouldn't panic over an initial drop in gold prices. This is not exact science, and yes there is lots of manipulation in this space.Regardless the COT report has helped understand when the price of gold has or hasn’t upside potential (similar to its downside potential).Second there is the the inverted Dollar as well as inverted Treasury rates correlations.Similarly, the inverted correlation between gold’s price and 20 year Treasuries suggests directionally where gold’s price is headed.We look at all those leading indicators, combine it with gold’s chart patterns, and use this as the input for our gold price prediction.
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