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September 25, 2015 | Will Gold Complete the September Rally?

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

GCNYNF-W 9-24-2015

Gold’s rally into the target weeks for the ECM appear to be linked to the potential crisis in European banking. This has nothing to do with the dollar, fiat, inflation, or whatever. The only reason gold rises is the hedge against real crisis and uncertainty.

GCFOR-W 9-24-2015

Gold may not be sustainable. We really need to see a weekly closing above 1188 to think that there is some sustainability short-term. We need that signal to reach the technical resistance in the mid-1200 level. We have a crisis in confidence and a crisis in German banking during the ECM target on Sept. 30/Oct. 1, which will shake the tree of public confidence on a major global level.

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September 25th, 2015

Posted In: Armstrong Economics

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