Larry Edelson's Gold Forecast for remainder of 2016

I'm posting this prediction here so we can come back and have a look at it in January 2017.

Let's see how he does ....

Larry Edelson writes:

"Overall, my AI model points much higher for gold heading into year-end.

The dollar and gold can and do rise together. I’ve been telling everyone that and have been right. So stay away from the dollar/gold thing. Most analysts are dead wrong about it. The best bull markets in gold occur with a rising dollar.

What about the aggressive moves Putin is making in Eastern Europe and Syria? Gold usually surges during times of war and political uncertainty. But as of yet, gold hasn’t been concerned. Gold (and other precious metals) will rise according to their own unique rhythms. The good news is, they should soon start rallying strongly.

Here’s the latest Artificial Intelligence model I work with and its forecast for gold. It’s the kind of thing my trading service members get all the time, but with specific buy and sell signals as well, timed with my model." -   http://www.moneyandmarkets.com/gold-will-explode-higher-82608

Will China go on a buying spree October 10th 2016 ? 中国黄金爱

After falling for several weeks will Gold finally get a bounce ?


Gold hit a low of $1243 /OZ today (Oct 7 2016)

As China returns from a week long Holiday on Monday Oct 10 will they be buyers or sellers of Gold ?
Will Gold skyrocket back to $1370 or fall below $1200 ? 


What do you think ?  中国黄金爱
http://www.silverdoctors.com/silver/silver-news/china-will-feast-on-gold-and-silver-monday-harvey-organ/

Why did Gold drop $42.80 Oct 4 2016 ?

Gold plunged more than $40 an ounce Tuesday, falling below $1,300 for the first time since June. The New York Spot price closed at $1,268.40, a decrease of $42.80



Bloomberg reported it was the biggest drop in nearly three years, citing concern that an improving U.S. economy will push the Federal Reserve to boost interest rates soon.



Shares of gold-mining companies also declined significantly. Barrick was down $1.94 to $15.45, a drop of 11 percent.


Newmont declined by 10 percent, down $3.85 cents to $34.25. Klondex and Kinross saw drops of more than 13 percent.


The decline in gold prices follows a rally that began at the first of the year when prices were around $1,050 an ounce.


Bloomberg also reported that the dollar was headed for the biggest gain in two weeks, curbing the appeal of gold of as an alternative asset.


There has been a lot of speculation of why Gold dropped so much so fast.


The answer will be known in a few days. Stay tuned ....