Loading ...Yeah maybe Hollywood would but it’s the banks and the Fed “ again.”
Here’s Armstrong’s post on gold but am a bit confused with some of it because the opposite was going on and were not that dependent on oil either. Oil only went to 63 and seems a normal pattern of bouncing off the low always trying to get to at least 70 or what M East and no big spikes with current events.
Currently, our system resistance has stood at 1585 followed by 1620 with technical resistance in the 1575-1595 level. We most certainly have to be concerned if gold peaks with the ECM. This will not be a good omen and I agree it is reminiscent of the pattern of 1980. The interest rates the exploded and peaked in May 1981 with the top of the ECM back then.