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Before this disaster unfolded, with the biggest market crash any of us are ever likely to see (still in progress), I posted this chart…
Edit: My post on 23 Feb https://goldtadise.com/?p=457220
If only we knew then what we know now…
Is it possible 1700 was the peak of the cycle.. and we will grind lower to right side of time cycle hemisphere?
I can’t rule anything out Patrick, but with physical gold in very high demand, QE to infinity and general equities deflating fast, it’s hard to see that from a fundamental standpoint. My ‘gut’ is telling me an explosive move to the upside is much more likely. The extreme GSR, and recent extreme DOW/Gold ratio also point to PMs moving up. It feels like we’re in a Mad Max movie right now though, so nothing much would surprise me at this point.
If you consider that formation a cup, then we are currently forming the handle.
Makes sense.. how will that handle look like? Its about finding the lowest risk entry point…