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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (67053)	12/25/2014 8:08:51 PM
From: bull_dozer	2 Recommendations Recommended By GROUND ZERO™ Ms. Baby Boomer Read Replies (2) \| Respond to of 220820

Gold For Closing 2014 Well despite all the hate mail, accusations, threats, and bad-mouthing not to mention the silent-treatment, gold continues to reflect the real deflationary trend that has engulfed the entire world. The metals promoters keep trying to ignore reality causing many to lose their life-savings. They remain ignorant of the fact that the dollar has become the world currency by default and hence a mere increase in money supply does not transform into inflation when the demand is global. They continue to cling to old theories that no longer work while ignoring the fact that the markets have proven them wrong as they continue to try to blame anyone but themselves. ... ... ... We achieved the “pop” in gold but there remains little follow-through. Gold is fading into the distant memories of so many investors that its luster is nearly gone outside the diehard believers. A year-end closing below 1227 will signal we will see new lows next year. A year-end closing BELOW 1155 will guarantee that drop below $1,000 is coming. The main support next year lies well below the market between $778-$618. We will provide an update to the metals report after the year-end closing. armstrongeconomics.com