Gold Rally At Midpoint; Could Move Another 30% Higher - Scotty George, Chief Investment Strategist, Alexander Capital
『Gold is benefiting again from safe-haven demand, holding significant support and trading just below three-month highs Tuesday. And, according to one veteran Wall Streeter, the metal could ‘easily’ move another 30% higher. ‘We’re about at the midpoint of what could be a price rally that could stretch for several more months,’ Scotty George, chief market strategist for Alexander Capital, told Kitco News. He added that he would not be surprised to see prices move up another $120. ’The more uncertainty coming out of Washington ...the more uncertainty globally; the better it is for commodities and tangible assets overall.’ April Comex gold futures managed to move 0.24% higher Tuesday, last trading at $1,235 an ounce.』
瞎摸象 :仔細了﹐"30%" 是那位女的說的﹐男的說是 mid point of 5 to 6 month rally ? 事實上, Gold previous low 是 1128 on December 14 or 22, 2016 換言之﹐rally to date ~ only 107 point ? another 30% to go ? 107 ÷ 70% = 152 ? 1128 +152 = 1280 ? 若 mid pont 則 1235 + 107 = 1342
瞎摸象 看了 Feb 7, 2017 的 6 month Gold Chart, 明顯地 V 型 走勢 ~ 猜想 男的意思是 next top around 1345 ~ 1350 ?