could be another sell the news event out of Britain similar to the French elections , perhaps that will only be a backtest on the upper trendline. some big resistance 1296
I’ll take I’m-Not-Superstitious for $100, Alex. “This is the most recent year that most correlates to the current (2017) bradleysiderograph.com chart relative to Gold.”
All systems go…
Will it be a modest rally followed by a similar fall to shake out some more investors before we rocket higher in the Autumn 2007/08 style?
could be another sell the news event out of Britain similar to the French elections , perhaps that will only be a backtest on the upper trendline. some big resistance 1296
I’ll take I’m-Not-Superstitious for $100, Alex. “This is the most recent year that most correlates to the current (2017) bradleysiderograph.com chart relative to Gold.”
What is 2011?
If we can keep current level of gdx till end of week, then we will have a break -out on weekly time frame
Apparently by proxy (USD/JPY) gold IS the safety trade. Why, (proxy relationship & YEN = ‘safety’), I have no idea but it’s definitely there.
http://www.marketwatch.com/story/dollar-falls-against-yen-as-analysts-see-flight-to-safety-due-to-geopolitical-fears-2017-06-06?siteid=rss&rss=1