On my facebook wall and in my own discussion forum, previously I warned that Gold would rebound from just below $1300 to the region of $1500-$1550 (even to $1600) for the next round of shorting. Gold is currently in the process of such an execution. (Refer to all my previous pinpointed movements on Gold here, all said before things happen: donovan-ang.blogspot.sg/search/label/Gold) Somebody asked how I know Gold would rebound from just slightly below $1300 and would hit the target of $1500-$1550 for shorting. This is because Gold was determined to be at a fair price at $1300 by the smart monies, the best of the best as well as the market movers. There was a demand and supply mechanism at work which determined $1300 to be fair value. When a fair price is reached, it becomes neutral and can go both ways; there was a 90% likelihood of a rebound from $1300 since: 1. $1300 was a fair value in the market mechanism and Gold deliberately went below $1300, an under-value. Technical Rebound has to occur when a commodity goes under-value. 2. In addition, almost everyone in the financial market was bearish of gold. Since most people have to lose money, Gold has no way down for the short term but to go up from fair value at $1300 to wipe out the correct shorts. Nastily, in essence. 3. Gold needs to go over-value again, by appreciating 19%-20% from $1300 An appreciation of 19-20% would make the price rise as near to a bull market definition as possible but yet not a bull market. This would throw confusion as to whether Gold is in bull market or bear market. This over-valued price would be around $1500-$1550 after calculation. This will then set an over-valued condition by the time it happens. US Dollar movements will ensure the state. At the same time, a new lower fair price value would be set too by the market condition, and this would be way below $1250, possibly at $950-$1000, before the next major wave of selling will stop temporarily for a rebound again. I have a way of knowing how the fair price is set by the market-makers. I will reveal fully and nakedly with proofs when the time is ripe. Just watch. Share, if you like it and want others to witness my accuracy. donovan-ang.blogspot.sg/2013/08/gold-25-august-2013-sunday-855pm.html
Posted on: Sun, 25 Aug 2013 12:59:12 +0000
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