CAUTION: Charts below are gold in USD.
If the test fails, well that could be another story. One could suspect a move higher in early 2017.
In short, charts may help with timing but they dont matter when you know that there are several TRILLION DOLLAR debt bombs around the world that could blow up at any time. If gold falls below $1000 USD then that is a life time BUY, and a steal.
A few trillion dollar debt bombs that the Central bankers would struggle with:
- Emerging market debt (inc China)
- US Student and car loan debt
- Derivatives (interest rate swaps)
- Corporate credit
- Europe Bond market
- US Treasury Bond market
- Japans bond market
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