Second Chance
A New Hard Copy Book by David Smith and David Morgan.
I have a copy here and have skimmed it . I believe this is a book Well Worth purchasing .
Excellent in explaining the PM markets and how to trade them. Very Balanced , with a view towards maximizing your profits in what these two men expect to be the next strong bull move.
David Smith asked Rambus if his work could be cited in this Book.
Here it is on Page 155-156 ( click these twice to enlarge)
Thank you on behalf of Rambus Chartology David and David for the kind words
Here is the link to that article cited ( As Posted at Safehaven)
http://www.safehaven.com/article/41962/the-chartology-of-a-generational-precious-metals-miner-move
Awesome!
seems he wrote that just before a 38% fall
Yes true. he bailed on the longs before the meat of the fall though.
Rambus saw some support on that chart $Gold:$XAU and indeed it bounced right there.Now looking like a nice H and S Top building in that ratio.
https://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24XAU&p=W&yr=25&mn=0&dy=0&id=p13094414095&a=504658033
The 38% fall has NOT negated the premis that The XAU is going to outperform Gold after a 20 year bear in that ratio.
Of course if so PMs will be rising.
‘outperform’ can mean that the xau won’t go down as hard as gold
Yes of course but Usually when Miners out perform the Whole complex rises
Put together a Chart of this Ratio along with the Price of Gold for instance.
Very strong Positive Co Relation