Loading ...Gold silver and the grind
I got this webinar from James Flanagan thought you lot would want to watch it – it’s kinda depressing
http://www.gannglobal.com/webinar/2019/10/19-10-17-Subscriber-caliber-3rd-Chance-2.php?inf_contact_key=791cc17d19ccc9929d16374cbad20c1b1b0a3f0fd3ee5d9b43fb34c6613498d7
I listened to it very carefully and didn’t come away with your description – unless one expects to see gold bullion at $3,000 in the next two years. Flanagan seems to be saying the next three to five years are likely to resemble the 1960s for gold: a slow, steady uptrend in the bullion price along with the potential for a HUGE upward move in the price of gold stocks. (A quadruple for GDX?)
I read Flanagan back in the Mid-80s to the late 1990s. Interesting and very intelligent guy, but I don’t recall him being extremely accurate or I’d still be reading him. If – and I do mean IF – we see an implosion in the finances of the US Government together with a TRUE constitutional crisis (and not the contrived crap the Democrats and CNN have put together) then Flanagan’s cycle and Gann analysis will be overwhelmed, and the next several years just might look a lot more like the 1970s than the 1960s.