Gold elected the "important" monthly reversal in June. We closed 1,392.08. The Bullish monthly was 1,362.50. (~2,2% above the reversal).
So according to the 1% rule we need to test the 1,362.5 reversal within 3 time frames (3 months, so July, August or September).
At the moment gold is testing 1,500 so it would need to come down ~9%.
I'm hoping it will test 1,362.5 as I would like to buy more but I think it's not reachable.
If that is what it is then we need to short Gold now. Let's manipulate the market to make it happen!
Martin Armstrong is a charlatan, and he spent 11 years in jail for a reason.
Read this blog
starting at page 273 to find out more about computerized fraud.
See
armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog.