Surprises
In bull markets, surprises are more likely to be to the upside and the opposite is true in bear markets(more likely on the downside). My recent short term target for gold has been the area around the 200 day mvg. avg. 1855 or so. Since we actually corrected from a bit lower than that, the chances of an upward surprise are enhanced. It is quite possible that when gold rallies up to that area, it breaks thru and just keeps on going higher. That would be a nice surprise but not so surprising after all, considering we are in a bull market.
Surprise me baby
🙂
Looks to me that if gold breaks above the 200 day around 1855, it would also be breaking the down trend line from the highs last August. That would be very bullish indeed.
The miners act like they need a washout to reset sentiment and give energy to a new uptrend.
“we are in a bull market…yes it appears to be full of bull.
Saw this on 321 today. Fits perfectly with your worthless comment. “If your brains were dynamite, there wouldn’t be enough to blow your hat off.”
Kurt Vonnegut Jr.