Gold vs. Dow
We may have seen the turning point for Gold vs the Stock Market for several years to come, in favor of Gold. Please note in the chart below how the long handle of the Andrew’s Pitchfork served as an important support line from about 2004-2007, an almost perfect fit.
The vertical Fib Time-Zone lines, which pretty much nailed the 2011 top for Gold, are indicating the next turning point will occur towards the latter part of this year – however, it sure looks like that may have come early. Of course, if you’re looking for perfection, you’re in the wrong business anyway – trading is “horseshoes and hand grenades‘.
Lookin’ good. Thanks.
Thanks RTV. It does look as if the tide may be turning at last.
Thanks