Hubert Senters here.
Danger Will Robinson. If you are a gold bug. Look away. Put it on mute. You’re not going to like what you hear I’m about to say. Gold bug is an affectionate term we call people that are really like a lot of gold either in gold little bars or little coins or some of the intrinsic stuff and think that gold is never going to go down and it’s always going to go to $20,000.
Heads up, gold’s going to go lower. It’s continuing to go lower. It’s had a massive sell signal back here late April and it’s been going down ever since and it’s broken in this $1,100 area. Next area, I see gold going into would be $1,100. Now, I’m not saying it’s going to drop today to $1,100 obviously. But it’s starting to get back to the good old days of where gold was easier to trade. Where we’re starting to see more of these 21 day bars 20 points in a day.
Like see 20 points almost 20 points or 20 points area so you can see that the ADX is rising. The average range is rising. It’s getting a little bit more volatile. Its trend is lower. Next target on gold will be $1,100 and then oh my goodness, what if it breaks a thousand? What will the world come to? Cats sleep with dogs, frogs. All that good stuff happens then I guess.
Geoff is going to be doing a special webinar tonight on how to identify and profit from the best stocks and options to own. Right now, webinar takes place Wednesday, August 15th at 7PM EST. I will hyperlink you to the form click CLAIM MY SPOT NOW to register for the webinar. If you want to know more about what’s going to be covered all you have to do is scroll down right here like this. Here I’ll see if I can get in the frame for you. There you go right there. There’s what he’s going to be discussing with you.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
