GREY:ALXDF - Post by User
Post by
goldopportunityon Apr 13, 2017 8:34pm
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Post# 26121316
Fwiw.....
Fwiw.....In the immediate st:
I speculate that the NK leader has "nothing up his sleeve" over the weekend. He'll fold. This will cause the dollar and dow to rally next week. Golds will be generally weak with the hui and xau closing tuesday's up gap. Gdxj jr. golds, however, may be weak to start but show nice pick-up gains as week progresses. Earnings season starts and will generally come in ok but the overhang on the markets by next weekend will be what comes 6 months down the road.
In the st, the markets sputter as washington comes back from easter recess. New spending bill, debt limit, etc. now begin to weigh heavily on markets. Dow corrects heavily -- possible consecutuve 5%+ down days towards end of this month. The market figures this will be only way to get washington to get their sh$t together and negotiate "something". Government shut-down happens.....the stakes are high.
Projection updates to happen before the end of june/2017:
- Azx+alxdf will conservatively trade at least 2x today's close
- Dow will trade well below 18000
- gold will trade over $1400, and stay above this level
What I've outlined is my roadmap. It may or may not prove to be right, but it is an evolving and strategic plan....and anyyone who wants to make serious money has to think strategically. You may scoff, but then I ask....what is your plan?
Have a good long easter weekend, folks! So we'll see what happens. Jmvho.
goldopp