Loading ...The Golden Triangle
Feels more like the Bermuda Triangle
I draw charts all the time . So many Charts So Little time.
I keep looking at the symmetry on this one . Perhaps my favorite in the stable
Its too perfect eh ?
A Right Angle Triangle…!
is June 2017 THE month this thing breaks out or are we rejected once again back into the abyss ?
Pass the popcorn
TOTM did a bond market update the other day.
Got me looking at ZROZ and some others.
They all look like a breakdown in price is coming.
BUT .. perhaps not until later this summer.
So the triangulating in PMs might well continue until bonds “decide” …
and so we’re waiting on negotiations over the US budget and the debt limit.
Til then .. more agonizing. Perhaps.
Nail biting stuff. On balance, I’m afraid, I think we’re going to fail again and sink to $1170 or so before we finally climb up and out late Summer/early Autumn (Fall if you prefer). I hope I’m wrong, but it just feels like the dollar could have one last retest of the 100 area, stock market could carry on rising for a while, and some of the indicators on the gold chart are getting a bit high. $1170 gold could mean 150 or less on the HUI I suppose. Depressing.