BTW your cycles are as bad and ever changing as all the so called cyclists in the internet.
GOLD will go to 1140ish and then have a muted bounce after the fed meets on June 16th-17th
First off, lets get this straight....I will address anybody in any way I like. This isn't pre-school and we are all grown ups that should not get his or her feeling hurt. It's the real world now. Mommy and daddy are not here to bail you out. Second it's my opinion....get over it.
ZarNegar's calls over the last few months speak for themselves. He has been way off. His cycles change with the wind and he hedges his predictions nicely to the the unsuspected.Gold is in a Bear market and is below it's 50ma and 200ma with a slanted slope. Do your research yourself(I'm not going to hold your hand)and see what happen in the 1980's and 1990's when this happened. Hint prices collapsed......
Bond yields rising, plus the dollar going up this summer equals lower Gold prices.....It isn't rocket science here. Friday, the option boys kept GLD capped around down 60 cents at the close to screw the put buyers. This was obvious at thursday's close. Seasonally Gold and Silver will go down until FOMC meeting around the 17th. Lower 1140's should get hit. Gold and the GLD are both below there respected Fib .618 levels, 100% is at 1141.
relax and accept people have different views...lol