Loading ...Handle?
I’ve seen a lot of posts of gold & PM stocks showing a cup – but I haven’t seen mention of the next event, the handle. Here’s a picture of one from Investopedia:
Looks an awful lot like our current gold chart don’t you think?
Shouldn’t we be expecting a handle to be forming soon? Based on the depth and length of gold’s pattern, I would think a pull back of $200-$250 and length of 1-2 years would be reasonable, no?
Hi Ken, I’ve posted the ‘handle prediction chart a few times. I’ll repost them in a minute for you.
Thank you for your balanced view, Ken.
I agree that “a pull back of $200-$250 and length of 1-2 years would be reasonable”.
…And sooner rather than later, especially in the context of unwavering bullishness.
Agreed, but charting aside, what would cause gold to tank when the whole world is quarantined?