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Gold Is Going To Move Down Into A Yearly Cycle Low

May 1, 2016

As is always the case at these major turning points, the usual analysts are going to get it wrong again. The dollar is finishing an intermediate cycle decline, not starting one.

Stocks are dropping down into a half cycle low of intermediate degree, not starting another leg down in a bear market.

And gold is putting in an intermediate degree top. Consequently, it will drop down into a yearly cycle low…as it is not starting a sustained move higher. Seriously, how do these guys manage to get it wrong at every one of these turning points?

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