Jun 7, 2015
Gold makes me crazy I can not decide if this will be THE bottom of the bear market or just important bottom. For a long time I thought that the scenario for a major bottom has higher probability, but after playing with the chart of gold priced in EUR I have changed my mind. A think both bull and bears will be surprised. Most of the analysis I read are - bear market lower 750... or what so ever, major bottom soon but first lower 950-1000. I think it will be something in the middle and mister market will screw both camps which makes me even more confident:))) Main scenario is lower until end of July mid August but higher low for silver and for gold 1090-1100 surprising bull an bears, followed by another plunge lower catching of guard both camps. The move will be worth trading ~30% gold(~1420), ~50% silver(~21), 100%-200% miners so watch closely what happens when gold reaches around 1100. The count is not important there is a lot of variations important is which idea is right final bottom or just important low. XAU/EUR and Silver are hinting that this is not the bottom.