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Re: Edge83 post# 1119

Friday, 07/27/2018 9:29:05 AM

Friday, July 27, 2018 9:29:05 AM

Post# of 3360
Edge, I watched the video, i thought his take on the dollar and gold as world class competitors was spot on,the direction of the dollar, it's always a concern of mine. This is where the waters are muddied, the direction of the dollar, i thought with the US economy everybody would want to own the $ and they do but there are many things that would cause people to own gold, like inflation, debt,money velocity,conflict around the world not to mention China, India gold lust. Charts can be a guide but they are not totally reliable as we have found out, but one of the most powerful charts that i have seen is the reverse head and shoulders which is still in force between the 1180-1225 area.To sum it up no one person has the answer because the market (billions of people) are the engine, my guess is that our wonderful president will keep the fed in check and gold will find a new top in the coming 2 years.