Currently, on Sunday night Saint Valentine’s Day the biggest number are not quite in love of the current rally.
GOLD BOTTOMZ INN ?
The two most popular options are:
NO…THIS IS LIKELY ONE MORE MASSIVE BULL TRAP BEFORE THE FINAL WASHOUT (30%, 10 Votes)
I DON’T KNOW ..BUT THIS DOES LOOK PROMISING..CAUTIOUSLY OPTIMISTIC (21%, 7 Votes)
I went for the 2nd option because I simply don’t know!
Way overbought like early 2014 and early 2015 but still looks like an uptrend to me. Next cycle uptrend could pierce the all time high in gold in Canadian dollars. The US dollar cant’t go up for ever. I also have a nice pitchfork on my chart that I am studying that implies the bear could be over.
I’m quite surprised by these results.
My own studies, however, suggest that they are correct.
I don’t expect validation immediately however.
Lets see where things stand at the end of Feb.
Currently, on Sunday night Saint Valentine’s Day the biggest number are not quite in love of the current rally.
GOLD BOTTOMZ INN ?
The two most popular options are:
NO…THIS IS LIKELY ONE MORE MASSIVE BULL TRAP BEFORE THE FINAL WASHOUT (30%, 10 Votes)
I DON’T KNOW ..BUT THIS DOES LOOK PROMISING..CAUTIOUSLY OPTIMISTIC (21%, 7 Votes)
I went for the 2nd option because I simply don’t know!
http://stockcharts.com/h-sc/ui?s=$gold:$CDW&p=M&yr=15&mn=0&dy=0&id=p84715185119&a=422997387&listNum=1
Way overbought like early 2014 and early 2015 but still looks like an uptrend to me. Next cycle uptrend could pierce the all time high in gold in Canadian dollars. The US dollar cant’t go up for ever. I also have a nice pitchfork on my chart that I am studying that implies the bear could be over.
I’m quite surprised by these results.
My own studies, however, suggest that they are correct.
I don’t expect validation immediately however.
Lets see where things stand at the end of Feb.
Me too
Once Bitten Twice Shy