UPDATE 11-25-16: Not really an update, but a rehash
"The Quarterly Bearish now lies at 1179 and that becomes extremely important. If that is elected, then it will warn gold can still break the 1,000 level but we have support intraday at the 875 area up to 987."
" Breaking the 1201 level is significant and now support lies at 1179. Breaking that level will confirm we should break the 2015 low and breach under $1,000. "
It's now at about that price, 1180. He said early this week that Friday was a target for a daily turning point.
Also, Jill Stein is about to officially file for a recount in Wisconsin. That might do a number on some things. I don't trust the stock price, but given the other indicators for gold, I think that's a decent play (long).
I'm going to drastically reduce the amount of trades I make, because damn do I suck. I was so good there for a while! This is why you can't trust a guy showing you a month worth of good trades and give him a bunch of money.
"Breaking the 1201 level is significant and now support lies at 1179. Breaking that level will confirm we should break the 2015 low and breach under $1,000."
So that was the latest. He went on to say "It may very well break the psychological level of 1000 for 2017"
This is from Monday:
Gold fell on Friday to bounce off of our Weekly Bearish at 1201.50 stopping at 1201.30. The technical resistance for a bounce now stands at the 1231 level. The Daily Bullish stands back at 1231.50 level. We do have a Directional Change coming into play tomorrow and the next important daily turning point will be the 25th.
So much for a bounce to the 1231 level, or was I reading into what he said too much? Of course he's never going to guarantee a move, so I'm going to call this a miss.
So I'm going to do nothing until Friday, and then hope that the daily turning point is correct. So it should fall again into Friday, if today is not a turning point. So then the move is to go long on Friday?
Extra thought - I didn't buy Bo Polny's gold report discount (although it's still available through tomorrow) which is interesting. The deal expires Thursday, right before Armstrong says it's a turning point? Do they have the same turning point date?
Bo Has three through the fed meeting. I'm assuming he's saying it will go up after the fed meeting, because he's very bullish on gold. That means the other turning point will be downward, and the first one (Friday?) will be upward?
So, I'm going to go for it, calls on Friday. Also, keep in mind that is a half trading day so whatever you're going to do, do it before the earlier close!