Gold has continued to trail within my proprietary Fibonacci Price Amplitude Arc levels as I have drawn them months ago. The upside potential for Gold is incredible. I've predicted levels well above $3750 in the future and I stand by those predictions.
As some people have pointed out, my expectations that a downside market rotation would happen between sometime between August and December 2019 may not have happened as I expected, but my analysis suggests this recent rally is far less fundamental and much more speculative. I still believe the rally is a "false rally" based on a speculative "capital shift" where capital is pouring in to the US markets ahead of the 2020 elections and to avoid risk. I believe this will end with a violent price correction that is setting up right now.
My recent posts show why I believe the top is setting up in the markets and what you can do to protect your investments. Yes, the markets can stay irrelevant far longer than I can wait out the correction. But I don't want to be caught in a violent, illiquid collapse trying to ride it out for "new highs".
My assumption is that we will start to see a new precious metals price rally over the next 2 to 5+ months that will likely push Gold above $1750 fairly quickly.
As some people have pointed out, my expectations that a downside market rotation would happen between sometime between August and December 2019 may not have happened as I expected, but my analysis suggests this recent rally is far less fundamental and much more speculative. I still believe the rally is a "false rally" based on a speculative "capital shift" where capital is pouring in to the US markets ahead of the 2020 elections and to avoid risk. I believe this will end with a violent price correction that is setting up right now.
My recent posts show why I believe the top is setting up in the markets and what you can do to protect your investments. Yes, the markets can stay irrelevant far longer than I can wait out the correction. But I don't want to be caught in a violent, illiquid collapse trying to ride it out for "new highs".
My assumption is that we will start to see a new precious metals price rally over the next 2 to 5+ months that will likely push Gold above $1750 fairly quickly.
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Follow me on Youtube, TradingView, Others
www.youtube.com/channel/UCjjblvO7QRPKx2GcrVcoSgQ