by Bo Polny, SilverBearCafe.com:
From the New York Kitco Interview, Gold is to ‘rise in May/June and make a TOP in June before a final summer low’.
The forecast for a Top in June stands unchanged.
Gold needed to touch and get through the Blue Line of Overhead Resistance as illustrated in the June 5, 2014 Gold chart update and also on Page 2 below…it did Friday 6/13/2014! Continue to expect a MUCH higher price target this month.
Cycles precede all Events and the June 18, 2014 FOMC announcement is an Event and the current Gold Cycle is Up the month of June into an Intermediate Cycle Top date that arrives after the FOMC announcement; therefore expect Gold to continue its climb post-FOMC announcement.
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