Beginnings And Endings
You know it, I know it, Wall Street knows it, the Fed knows it. This is the beginning of the end for rate hikes, and the end of the beginning for the PM rally to come.
We’ve seen a huge 5 year basing pattern in PMs and the charts below are telling us in no uncertain terms – gold knows what is coming and, so does the sickly looking dollar. The fed has nowhere left to turn and markets are beginning to figure it out. 2019 is going to be fun.
Goodo!!
Good charts, Northstar.
I don’t know it Northstar. I’m like Sgt. Shultz….”I know nothing”. But I must say I enjoy your charts and analysis!
Gorgeous Chart Northstar.
Great charts Northstar … what’s your projection on the cycle high for gold? Does it reach $2500?
Hi Afasilver. I think $2500 is a fair target. An overshoot is quite possible though. I would use time (cycle analysis) as a guide, telling us when to exit.
Those were my initial thoughts based on your charts … 2019 should be interesting.