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1 Comment on "Michael Pettis: China’s Economy, Internal And External Balance"

  1. TutoringServicesNi | Jul 26, 2015, 4:40 pm at 4:40 pm |

    The Gold and Silver prices achieved a major reversal to the upside on July 24, 2015, along with HUI and XAU Indexes of Gold & Silver Mining Stock Equities. This rally will likely continue through at least August 28, 2015, with Price Objectives as follows at that time : GLD = $117 , SLV = $17.5 , HUI = $162 XAU = $71. NEM = $25 , ABX = $11.

    After minor profit taking, the Gold & Silver Bull Market will resume its upward thrust into Dec 2015, and then beyond into the year 2020.

    There are many Fundamentals to support my Technical Analysis above, some of which are as follows :

    (1) Turkey’s Airpower Attack on the Kurds yesterday was a disaster for the U.S. strategy against ISIL, as the Kurds were the only effective fighting force against ISIL in Northern Iraq and Syria. Therefore, DXY (U.S. Dollar Index) will decline over the coming months, thereby leading Gold & Silver prices higher in U.S. Dollars per ounce.

    (2) German Chancellor Merkel has now called for a swift approval of the Greece 86 Billion Euro Bailout Deal, so that a decades extension of Debt Maturity and Lower Interest Rates will make that Deal “sustainable” for Greece, and thereby allowing the IMF to participate in the putting up some of the Loan Money; Greece’s PM Tsipras will then be able to Budget 25 Billion Euros into Public Infrastructure Spending to bootstrap Greece out of its Great Depression as did the brilliant FDR during America’s Great Depression. This quick Bailout Deal for Greece will obviously strengthen the Euro versus the U.S. Dollar, and thereby drive DXY lower, and simultaneously drive Gold & Silver prices higher in U.S. Dollars per ounce.

    (3) If intensifying Geopolitical Tensions in the China Sea Island Territorial Disputes escalate into Naval Warfare between China and some of the Asian Pacific Nations such as Japan, South Korea, Viet Nam, or the Philippines, the above Price Objectives for Gold, Silver, XAU, and HUI must obviously be increased , as the U.S. Naval forces will thus be drawn into the battles, thus exposing U.S. Super Aircraft Carriers to destruction at the hands of China’s new Nuclear Tipped Ballistic Missiles especially designed for that purpose. In that event , President Obama would likely fold his hand, and simply say “Give unto China what is China’s ! ” ! Obviously, such a Black Swan Event would drive Gold & Silver prices to all-time-new-highs through the year 2020, as the 3rd Leg Up Gold Super Cycle.
    July 26, 2015 at 1:40 pm PDT.

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