BGMI
In case anybody was hungry for some pie in the sky here is a look at a proposed 100 year miner uptrend channel. Whether we look foolish down the road for being invested in this sector who knows but where I come from this is called pretty good risk reward based on history. I will update the 80 year gold/miner ratio charts soon to show just how out of whack the ratio is.
Don’t get me wrong on the chart…I’m not pounding the table saying we are going to hit 10,000 by 2035, I’m just showing channel boundaries. Let’s get to 1600 first. But if it ever started dancing above point 3 you would at least have to consider it a possibility.
Thanks for posting BGMI. Nice to know Stockchart.com has data feed for BGMI.
If you can also post the ratio of BGMI to gold that will tell the real story.
How miners compared to gold has been trending in last 66 year.
Unfortunately stock charts doesn’t have the data. I have to buy The data and then upload into stockcharts.
The ratio story is not pretty…essentially a bear market from 1968. But 2016 looks like the blow off.
LIKE !
Thanks!