wie immer in seinen Essay, sind seine Zahlenspiele sehr interessant.
Er geht davon, dass Gold bis Ende August kräftig bis über 2000 $ in Fahrt kommt und dann im September eine ordentliche Korrektur einsetzt. Motto: Im September werden wieder mal alle Krisen und Schulden mit noch mehr Geld und Schulden zugeschüttet. Was etliche Monate und sogar die nächsten Jahre danach den weiteren kräftigen Anstieg garantiert. Er sieht den exponentialen Anstieg erst in den nächsten Jahren NACH 2014.
Halte ich sogar für glaubhaft. So leicht werden sich die Zettelfreunde ihr Geldsystem nicht wegnehmen lassen...
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This in itself suggests that we are likely to see a final burst to the upside perhaps going into the last week of August before there is a correction, but still there appears to be support at the 1000-1300 level regardless of how high gold could rally.
The Weekly Breakout Line stands at $2550 for the last week of August, which would be the maximum resistance target that is still within a NORMAL trading cycle. Even the Projection Line from the 1999 low now stands at $2600 for this same time period. The more contained resistance will stand at the $1700-1730 area defined by the 2009 uptrend channel pictured above and slightly lower on the Monthly Primary Channel. The exponential price rally in gold still appears waiting in the wings for the years ahead.
The key area to watch for year-end will be last year’s close of $1421.40. A close below this area would imply a retest of support for 2012 before a surge back to the upside. A close ABOVE this level will warn that 2012 will produce a new high, but we could then retest support for up to two years into 2014 and rebuild again with the high being extended even further out most likely into January 2020. That would be forming at an astronomical new price level depending solely upon the monetary system. The dollar as we know it will disappear.
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Timing wise, a high is ideally due in August with a shift in trend thereafter taking place in September. It would perhaps be tied to hope triumphing over experience like Liz Taylor and her many husbands - too many to recall. Many may be enticed into believing the sovereign debt crisis is solved, and this will set the stage for the inevitable correction that lies of the horizon. Such triumph of hope over experience will not last that long. If gold were to exceed the top of the Uptrend Channel an exceed the $2000 level, then we could see a 7 month decline thereafter where the socialism will proclaim victory over economic and accounting reality. That would call for a low in Feb/March 2012.
Pictured"