Just the Facts
As Usual
Number? another Number? Yeah. Number. Blah Blah Blah.
Facts:
End 2015 close 1060.20
Quarterly Bearish Reversal 1111 elected.
Quarterly Bearish Reversal 1112 elected.
Year End Report 2015, publish date: December 1 2015:
When we look at gold going into year-2015, we see absolute critical support at
1044. A year-end closing g beneath this level will signal new lows and they can
be quite dramatic. From a technical perspective, the two key targets will be
1026 and 601. Important resistance during 2016 will begin at 1179 with key
resistance forming at 1310. Therefore, even a year-end closing for 2015 below
1179 will keep gold in a bearish position.
Additionally, we have a Quarterly Bearish Reversal at 1112. Therefore, a yearend
closing below this level should also warn of a drop becomes possible at
least to test the 875 to 904 former high of 1980. A monthly closing beneath 904
would also point to a drop way down to the 680 area.
I found out about M.A. around half a year ago. Myself being an engineer, I don't want to learn, I want to understand.
And for me that was possible only following M.A.
An engineer needs
Martin Armstrong to understand?
Perhaps time to go back to school to catch up?
Gestern wusste ich nicht wie man das Wort "Ingenieur" schreibt, heute bin ich einen.
But remember the joke about tigers. “Why do you blow the horn?” “To keep the tigers away.” “But there are no tigers here.” “There you see!”