That is right. TATRADER;
Both fundamental and technical indicate that both Dow and Nasdaq as well as S&P are in a BIG DOWN TREND, as I stated in the last post, DOW AND NASDAQ were their top in Early March,2000, these few month was a BEAR rally--i.e. a bear trend and in a correction mode.
Nasdaq again, we see it went down below that 4,000 again, very soon Nasdaq will be below that 2,000. And I am not kidding at all.
Fundamentally, we are in a sea change in this decade to come both monetary as well as fiscal policies are concerned. This sea change will have long term in this business cycle let say 10 year cycle to come.
In a sene we are entering a long term INFLATION cycle which will be very favorable for gold price to go up my onservation that $400 is clear future target.
In short, as mentioned early both fundamental and technical are very favorable for gold price to go up.
XAU indeed, bottomed out @50, we shall see that breakout on the UP side to 57 than 62, than 67 and 75 then 150 very shortely. IMHO!!!!!!!!
John Paquet |
