The last three times the federal reserve has raised interest rates, the price of gold bottomed practically on that exact day. I Believe tomorrow will be the catalyst for gold breaking out, and possibly reaching last years high again. They are expected to raise rates and markets are expecting so its believed to be coming but of course anything is possible. Gold stocks will explode if we come up anywhere near last years highs, because they are still quiet below what they were priced as last year at their peaks. A lot of money could be made if your on the correct side of this trade, Good luck all!
Martin Armstrong still says we have another round of Gold collapse, its going under $1000 then it will skyrocket. He has been saying this for years. Actually his computer SOCRATES states this.
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He's also a gatekeeper. ;)
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I believe gold will go up but they will only come in and take it down again. If it goes down we all have to step it up and buy more because paper won't last NO CONFIDENCE in the USA dollar.
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looking at the inverse head and shoulders on the 5 year chart, im feel pretty confident if we can pass last years high
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