Brilliant….I am sure we all hope this doesn’t happen. As our resident Weatherman Says.. it would be Brutal and Demoralizing . Sorta like a Goldbug’s version of Hurricane Irma.

But…it is very plausible . I vote his simple 2 Charts ….Charts of the year !

Here is how this scenario looks from the perspective of that Gold Diamond I was posting.

We have been discussing New Year Lows in Gold here at Goldtent .They are UNCANNY in their consistency …give or take a few weeks…This seems to have been overlooked lately…so I added a cycles series to highlight this.


That’s what this place is ALL about . Passionate Chartists bringing their ideas together.

As the Chartologist Emeritus always says. “The only thing for certain in markets is the Uncertainty”, BUT this chart Certainly looks very doable .
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Added : Warning , the following is mature content Viewer discretion is advised:

Of course there is always the chance that this diamond apex hit will fail and we will have a true mother of all Around the Apex false breakout . In that case the diamond will become a halfway pattern down

Have a look at the chart once more to work out the Price Objective….I get $400 !

Fully the Walmart greeter.

Sheesh !