Wednesday, December 15, 2010

Waiting on a Breakout

I have been waiting on a breakout for a little over a week now.  I expect it soon.  The dollar is dead in the water, hence the grand looting by the Congress.  It is only a matter of weeks before the DXY moves to 66, whereby it should be announced that 'the former FIAT system has failed.'

Whenever this break happens gold's first move would be to $1440, then to $1500, then $1650, then $1850.  There is always consolidation, and it is to be expected after these moves.  The move in its entirety could take months, but it will happen.  The following moves will have gold doubling over and over again until the Dow is even with the price of one ounce of gold.  The end result may take years to register, as modern day appears slowly to most.

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