BOINK
HA…JUST WHEN YOU ALL THOUGHT FULLY WAS A MEAN OLD PERMA BEAR !
I reviewed the simplest of charts.
Weekly Linear Gold
Maybe we just needed a Good Old fashioned BOINK in the gnads.
AND…is almost exactly 5 Years from the Initial Horrifying Bottom in 2013….and we are Back at the same 1180 level
5 years to go Nowhere…is that Long enough ?
Lets see how the shorts weather the bounce
It’s possible. All I know is that we can’t afford another big plunge to happen. It would destroy the charts snd take us straight back to $1050 (or lower).
5 years with a pick and shovel and still nothing from my front yard!
Got a nice hole for a fire pit though…….