russ.browne.52

Gold's Big Picture

COMEX:GC1!   Gold Futures
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Gold             should eventually go up to the top ( gold             line) which should take it up into the $5000 area. This does not bode well for the debt structures of government, as Martin Armstrong has argued, it is a loss in confidence of government that will cause gold             to surge. Whether gold             goes down to the red line (1980 high) before its 5th wave rally is uncertain at this point, but I do have some trends for gold             and gold             stocks to form major lows in late 2015 which is the peak of Armstrong pi cycle economic confidence model. As one of my other charts on here shows, there should be a rally into this summer though.
Udate, I am seeing GDX gold stock index forming a low in mid to late june, this downtrend is going to take awhile to resolve.
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