According to this chart, which I really like, Gold is about to break up. Now of course much of that depends on what the FED has to say today at 2pm HOWEVER I don’t believe any new rate hikes are coming soon. In fact, I believe the next rate hike will be in December 2017. The FED has a pattern now. BLUFF, BLUFF, BLUFF, RAISE and then repeat the year after. Just one raise per year is all they can really do, the rest of what they do is “Fluff & Bluff”.
Looks like the USD and DOW / S&P are about to roll over! The massive runup they’ve had over the past several years is about to come tumbling down and what better time to do it then in a brand new year! HAPPY NEW YEAR 2017! Watch the DOW and USD crumble as part of the new year’s fanfair!
Today’s move in GOLD wasn’t just a head fake in my opinion, it was a serious sign that the USD is about to crash and GOLD is about to skyrocket. The FED used its’ one .25% rate hike last December and they did it again this December to show they ( FED ) had some credibility but that game is nearly over or maybe it is over now. They really can’t raise rates again any time soon without crashing the entire US economy and they know it. All the job reports and other reports have all been falsely manipulated which is clear to anyone living in the real world.
Goodbye US dollar – Hello New Gold Standard ( NGS ).
Russia, China, Iran and a few other countries are not playing along with the old petro-dollar and the US is FURIOUS. So furious they’re taking us to the edge of WWIII and that is a scary thought. They’d be willing to kill millions apon millions of innocent people just to keep their Hegemony.
Not sure how they’re going to get themselves out of this mess but it won’t be easy and it’s going to take some time. Maybe years. In the meanwhile GOLD should keep going up with nothing to stop its’ ascent into heaven!