The US dollar is set to descend into the month of May, before we see any kind of major support fundamentally.
Inflationary factors that seem to be surfacing are putting pressure on the Fed to raise interest rates as a consequence.
The CPI is a lot stronger than anticipated, and we are seeing more inflationary talk hit the markets, all of which is extremely bullish for gold.
October 10, 2017, Report Confirmed
I would like to review the 180-day cycle since we published the report “Long-Term Gold Forecast” on October 10, 2017, on Seeking Alpha. In the report, I wrote, “Based on the EMA2Trade proprietary VC PMI, I analyzed levels of supply and demand for gold that I expect to see for 12 months from September 28, 2017 to September 28, 2018.” As we look at the 6-month or about 180-day cycle since we published the report, I would like to bring you up to date and see what has transpired since we made the forecasts using the VC PMI automated algorithm.
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