Loading ...Fortune telling with Fibonacci
I was curious how the GSR behaved before an insane bull run for precious metals… soo I went looking at the 2010 run-up.
Now today saint trinity setup! Same bullish behavior behavior …
Now.. how much time before this unfolds…
Just noticed silver just about the same price as 2010… 17.50$-18.50$ .. before it took off .. however gold was lower .. around 1100$-1200$
Also a scary pullback for gold! Ouch.. who held back then? Only to miss the run up?… need a plan.
Now.. how much time before this unfolds…?
Not Today…that’s for certain
sheesh
Current trading range is no match to 2010. Feb to April range was 72 to 62 much higher today before it came over the cliff. Also GSR has traded toooo long at these high level never happen in financial history on the back of huge risk on era where credit spread is highest level.
Appears GSR has been de-throaned from being a indicator of credit condition in economic cycle.
How it happend do not know??
Good charts. Like it very much. Informative. Thanks.