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You have to be a goldbug TA addict to grasp the significance of this chart
Parabola Breakdown…swift and hard….may be done for the moment but a huge amount of pressure was released and Silver ( Bob) should now outperform Gold ( which of course is Good for the PM market as a whole.
We need this idiot to lead .
sheesh
So Why are Goldbugs like like Republicans ?
Where have I seen This before ?
🙂
Another piece of supporting evidence 🙂
There may be some divergence of opinion over the significance of the chart actually. I have seen out there the opinion that the GSR is a delayed indicator merely showing the response of the herd of would-be Ag-bugs who’ve been poised, waiting for the sign to run together. According to this notion, Ag starts to move for some reason other than investment or speculation by would-be Ag bugs. Then those who have wanted to invest or speculate in silver all look at each other, look at the GSR starting to move, look at each other, look at the GSR again, and so forth, and as the Ag price continues to move for other reasons, the herd stampedes.
I have not looked into it so I do not know. Seems clever but a bit glib.