Wednesday, November 25, 2015

Gold's bottom on summer 2016

Gold remains in a well establish bear market since early 2013. Looking at the big picture we believe that currently Gold is running the C leg of an ABC correction that started back in 2012.Specifically gold will probably soon complete the 3rd wave of C and then bounce temporarily before a final leg (5th wave of C) and a bottom at green zone at around 930$ during the 2Q or 3Q of 2016

 We believe that gold will bottom out on summer 2016 along with other major commodities and then a strong upleg will ensue.Hopefully this upleg will not coincide with WW3...