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June 18, 2016 | Gold Almost – The Close of June 17th, 2016

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-D 6-18-2016

Gold close above the 1280 Weekly Bullish, yet below the 1299 despite the fact that pushed it up to 1301 after the close. Notice that gold had rallied up to 1318.90, and then crashed really hard and fast. However, it fell as you can see to hold the Weekly Bullish at 1280.10 Our Reversal System proves itself every day that there is a hidden structure of order within the market that can be revealed only with math. Nevertheless, this proves all the theories they teach in school about efficient markets, value investing, to random walks, are just nonsense. They try to explain markets as if reason along determines the trend. They will never learn that such things are beyond the tendency to reduce complexity to a single cause and effect.

Gold closed above 1280 so we should try to retest the high. Do not expect sustainability just yet.

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June 18th, 2016

Posted In: Armstrong Economics

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