Perspective is a Bitch
I drew this chart last year or so
Looked like a great bottom set up in the all important XAU to Gold Ratio
But that H and S Bottom is kinda drifting away here
I wanna be a BULL but this thing needs to wake the #$%^! up !
PS Look at that BreX Top …Gold was about $400 an its way to $250.
Miners have never recovered from that wild speculative period
Look at mid 2011 when Silver went to $50 and gold almost to $2000
The ratio was unimpressive even then.
sheesh
Upward sloping double bottom?