re sinclair's 'ides of march'

  1. dub
    33,892 Posts.
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    Taylor's latest article on Gold Eagle includes the following -

    ... In the March 1, 2004, issue of his "Chart Works" publication, Bob Hoye suggested to his clients that from a technical point of view, it is important that gold rise above $410 within 10 trading days, which would be by March 15. If gold does rise above that level and if it can take out the $431 level, we could be looking at $540 gold by August.

    On the other hand, he also paints a worst-case scenario that would more likely challenge our investment strategy. He suggests that if gold fails to close above $410 by March 15, we could be looking at a much deeper correction. In that event, he thinks gold could fall as far as $320 and that this decline could last for the better part of a year and that it would coincide with a dollar rally within its longer term bear market.

    So Sinclair is not the only one looking to 15th March for some significnace.


    ps. is starting to look good IMO.
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