Saturday, 17 December 2016

Gold Charts

All early trend break out get a test, and when that happens we just have to wait for the results.
image1

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.

Channel challenge...


Gold1



SMA SQUEEZE...

Gold2



Cycle bottom

Gold3


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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