http://smartmoneytracker.blogspot.co.uk/ Gary Savage
I continue to think this is a high
stakes game where big money insiders are trying to lower the starting
point before the bubble phase of the gold bull begins. As I've noted
before if one can artificially lower the beginning of the bubble phase
to let's say $1000 instead of where it naturally occurred last summer at
$1550, then the profit potential once the bubble phase begins is
dramatically magnified.
I'm convinced the force behind this is
trying to drive gold back down to the prior C-wave top at $1030 before
reversing course and riding the bubble phase of gold into a top
somewhere above $5000. It remains to be seen if they will accomplish
their goal, but they did succeed in forcing gold back below the critical
$1350 support level on Thursday's premarket hit.
I continue to think this is a high
stakes game where big money insiders are trying to lower the starting
point before the bubble phase of the gold bull begins. As I've noted
before if one can artificially lower the beginning of the bubble phase
to let's say $1000 instead of where it naturally occurred last summer at
$1550, then the profit potential once the bubble phase begins is
dramatically magnified.
I'm convinced the force behind this is
trying to drive gold back down to the prior C-wave top at $1030 before
reversing course and riding the bubble phase of gold into a top
somewhere above $5000. It remains to be seen if they will accomplish
their goal, but they did succeed in forcing gold back below the critical
$1350 support level on Thursday's premarket hit.
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