Loading ...HUI/BGMI
HUI/BGMI is the barrons gold mining index from the 80s, green, and the current is the blue.
it seems as though it has been following this model recently and IF it continues to do so, it could have a downside coming either this week or next???
sooner or later it will no longer follow this model, but when?
Thanks for this view, Starr. Always appreciate your input, and agree about the downside risk.
In the 80s those were Counter-trend rallies within the context of a 20-yr Bear market.
This fractal implies we are at 1988
The bear lasted 12 more years.
Yikes
we don’t have to continue following this model though
But if we did continue in a similarly long bear market, on the bright side there would probably be another great rally like 1993-96 to look forward to… for the young and patient.
That leaves me out 2X
🙁
Unfortunately Years and Patience are inversely related, so it only gets worse! Therefore now day trading, but I think I hate it.
Gospel according to EAGLES, Already Gone:
‘So often times it happens that we live our lives in chains
And we never even know we have the key.’
Ha! Easy! The key is that trash Dalio warns about! 🙂
https://goldtadise.com/wp-content/uploads/2020/02/73832-9faa09ff1.jpg