Loading ...Clues From The Past
History doesn’t necessarily repeat, but it often rhymes, and we can learn from it. Some of the following gold chart (2008-2010) looks very, very familiar. It certainly shows how these symmetrical triangles/wedges USUALLY play out. What do you think ?
Edit: Charts added to compare and contrast…
2008: 
2017: 
Excellent to keep watch.
Good to have a ‘roadmap’ 😉
We’ll know this summer;
if it will begin down wave C from 1450 of a massive bear market rally from 2011,
or this symmetrical triangle to about 1588,
or wave 3 of a higher degree is underway from Dec 2015 that ended the 8 year cycle at 1046 then Wave 1 to 1375, Wave 2 to 1122 last Dec 1122 and Wave 3 underway now to 16XX
Thanks Northstar. Good to have this in addition to the historical overview of the HUI from Fully.
Good eye there NS.
I think & hope you’re right……I like the comparison. I simply think that Gold tests that bottom rail $1240 area first.
Cheers all. I think we all know how important it is for that bottom support line to hold. I get the feeling that some geopolitical event will provide a trigger before the apex is reached.