muses of the moment

May 21, 2012

Martin Armstrong’s blog post 5-21-2012

Filed under: Gold and Silver Investing, Martin Armstrong — Tags: — totallygroovygirlfriday @ 5:35 pm

Click here for direct link.

Here is short blog post from Martin Armstrong on daily gold.

On the Daily level we see rising volatility into the end of this week 05/24-25. Volatility will rise again on May 29th. Keys days appears to be 05/23, 05/25, and 05/30 this month. The Daily Bullish Reversal stands at 1609.80. The key Daily Bearish Reversal lies at 1526.9. Minor Daily Bearish Reversal is to be found at 1544.5 and only closing back beneath this would signal a resumption of the decline.

Update: click here for more explanation and detail.

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2 Comments »

  1. A beginner and learning. What does this mean (explained in plain english). Mr. Armstrong was right about last week being a possible low. Does this mean that at the end of this week gold goes down (volatility) because its been up from 1526 to 1590ish. Please explain groovy girl. Thank you.

    Comment by paul — May 21, 2012 @ 8:13 pm

  2. Paul,

    Check out Martin’s latest letter (link on my main blog page for May 22, 2012). He explains in more detail.

    gg

    Comment by totallygroovygirlfriday — May 22, 2012 @ 12:26 pm


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