Loading ...Price Discovery
Markets are discovering what rate cut probabilities should be… up and down… down and up…
When the dust settles … I’m expecting gold and silver to react somewhat like this…
Reference: (I’ll post the updated version at weeks close… avoid me posting too much stuff )
Hey Patrick, this is only a request. Some charts that would help us identify how long the baby was thrown out with the bathwater in 2008 could be helpful. Did miners lead out of that pull back? What did the G:S look like in and out? etc.
Hi Aurum… yeah.. I’ll focus on that period. Looks like we might be crashing… possibly.. hard to tell. Hopefully I’m a contrarian indicator on this one.
Looking at Kitco historical charts of gold in October/November 2008, gold was taken down from $880 to $700ish. Gold then turns around about the third week of November and starts its run into 2011.