MQP 27 LIQUIDITY CRISIS DRAFT 3
HEADER -The setup now is for a massive break down starting around Jackson Hole FOMC (late August, so let's say 8/25) to September 15th.
SUMMARY - This is going to be the end of gold bull for another 10 years. The tail end of this move is starting to look like 2013.
DETAILS - Nothing in particular, except that red box needs to get hit in 40 days (so 1860+ by Jackson Hole) for bulls to have any hope for a December rally.
SUMMARY - This is going to be the end of gold bull for another 10 years. The tail end of this move is starting to look like 2013.
DETAILS - Nothing in particular, except that red box needs to get hit in 40 days (so 1860+ by Jackson Hole) for bulls to have any hope for a December rally.
Comment:
5. I think we end up with something like this:
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1. the decision window is about 8/05 ish right around or right after August NFP (the July report)
2.odds of hitting 1740-1755 considerably high, it's what happens from 8/05 to 8/20 that's interesing
3. if we continue to 1860, then odds favor sideways swings to mid December
4. if we hit 1680 AGAIN anywhere in August window, then September should deliver 1530, maybe even 14xx