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Re: Sampson001 post# 51190

Sunday, 04/10/2016 10:57:00 AM

Sunday, April 10, 2016 10:57:00 AM

Post# of 63744
I agree in so I am going to make a negative view on Gold, because where gold goes BAA will follow. I am doing this because I like this community and would like to see everyone succeed. Will it happen I don't know but I would be ready to at least hedge if the tables begin to turn. This is a post I made to Keyotee
Back in November

"Ok your March- April 985 I am September- October 930 . I truly hope it does not take this path but that is beyond my control. It is what it is !"

The reason behind this statement is simple Back test. I wish I could post my chart it would be much easier then explaining it.

Starting at the low of 252 in 2/28/01 a base channel was set and gold back tested that base line three times before breaking out January 2006 where resistance became support once breaking away from the line at 558 it ran to 1029 before back testing the support at 699 ($330) from there a fork was set to the highs it fell out of the fork to 1526 and back tested at 1790 ( $264.00) Putting a fork from the low to the high back to the recent low it backtests the mid channel low 1179 back test high 1434 ( $255.00) and now we have broken out of the downward fork channel and I believe we will back test it and in the fall at 930 we would back test it along with the first base channel where we started. If the high is in that would be 1287 to 930 ( $ 357.00) as you can see back tests make huge moves. BEWARE !!!

So there you have my negative stance on Gold.
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