https://en.wikipedia.org/wiki/Washington_Agreement_on_Gold

How many of you Long Time Goldophiles remember this Huge Deal in the Gold markets .

The HUI went Vertical at the time.. See chart. That was a 60% move in Baby HUI in a matter of days . 64 to 100 !

huiw

I remember . I was there . Watching the POG like paint drying all the time. Then one Sunday Evening out of the Blue .BAM

I almost had a heart Attack !

bam

Alas the tremor faded and it took 2 more long years before Gold Double Bottomed at $255 .

Now LOOK where we are…LOOK Why HUI paused Here ! Rambus says Old Support Lines Never Die!

huie

Wow…The Washington Agreement Spike LIVES on

NOW WHAT IF:

We are in the FINAL Falling Wedge Pattern for the HUI Bear with the next stop

old horizontal resistance at 75 ….then up and one more final down to the 35 LOW !

One thing I am fairly certain…the Bear ENDS when the Wedge breaks UP !

Something to Ponder this Weekend .

PS…saying a prayer for all our Eastern USA friends…Good Luck Stay Safe