China’s important global chess moves

John Ing – “The price of gold taking out key resistance levels will take place in the fall.  So the outlook for the gold market with all the uncertainty around the world is very, very positive.”

KWN_Chess_864x400_cJohn Ing interview with King World News – “People should also be keeping an eye on the U.S. dollar.  If the dollar begins to tumble, there is some support at 92 and then real support at 87.  That type of decline in the dollar will send gold sharply higher, breaking through key overhead resistance levels.  There isn’t any meaningful resistance on the gold chart until the $1,240 area.

I believe the gold market has now put in a very good base at $1,100.  So my near-term target for gold is $1,400.  When gold moves solidly through the $1,400 level, I would then look for $1,700.  The price of gold taking out key resistance levels will take place in the fall.  So the outlook for the gold market with all the uncertainty around the world is very, very positive.”

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