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Gold Heading To $3,000

Summary:
The gold move has been astounding but not surprising.  In our book, the main driver of gold is the perception of the central bank’s commitment to maintaining the purchasing power of its fiat currency.   Unless the Fed panics and begins to shut down the digital printing press, gold is moving much higher. The chart below illustrates the measured move target to 2793.90, which simply adds the move from the Sep ’11 high to the Dec ’15 low to the Sep ’11 high. Gold, baby. Share this:Like this:Like Loading...

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The gold move has been astounding but not surprising.  In our book, the main driver of gold is the perception of the central bank’s commitment to maintaining the purchasing power of its fiat currency.   Unless the Fed panics and begins to shut down the digital printing press, gold is moving much higher.

The chart below illustrates the measured move target to 2793.90, which simply adds the move from the Sep ’11 high to the Dec ’15 low to the Sep ’11 high.

Gold, baby.

Gold Heading To $3,000

Gregor Samsa
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