MBO Issue 99 (Mar 2020) Time to Reform the Central Banks

By Lawrence



Content

  • Review
  • Euro Down Channel Breakout
  • S&P Correction Has Begun
  • Gold Reached Short Term Upper Target
  • Big Picture Summary

Review

Euro test of 2019 year low as expected. The surprise is that it staged a very serious rally.

S&P is best summed up with what I wrote in last issue, “I expect a maximize of 3-5% total upside for the first half of the year which is the statistical norm. That translates into a cap at the range of 3330-3390.”

And this, “At this point, 2019 year high 3250 is the new line in the sand. Once weekly close drops below that, a correction of 15 to 20% is likely.”

Gold held up well in tight range as I described last issue and blasted higher to next target.

Glad I timed the stock market top right this year, again.

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Comments
  • sdattafx March 11, 2020 at 10:27 am

    “We cannot have a bunch of people who do not understand how the world function to play god.”….high time

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