All Things Precious Metals

[DragonBear]

Here is P&F prediction for $GOLD:

Keeps the objectiivity this way... no snarky attitudes or blind faith...

So the "objectivity" is a P&F chart??? Apparently the PBOC didn't have this "objectivity" metric when it set the Yuan to a 4 yr low earlier this month? Also, it seems the Fed didn't have access to the P&F chart "objectivity" metric, when it decided to raise rates last week?? Is it too late to Email Draghi a Gold P&F chart, so that he has this "objectivity" metric?

Gold to continue to go down, for most of 2016. For some odd reason, just don't believe the central banks are going to consult the "objectivity" of a Gold P&F chart before making their decisions. Neither will the reaction of the Forex market likely to be based on a Gold P&F chart.

BTW... if Gold were to go up, I'd be cheering. As it would be signaling a recovering commodities market. But that's not the current or near term reality.