I am posting this small part of Rambus Update tonite as a public service for Goldtenters.

I was THERE in 2013 when Rambus warned his fledgling members of an impending doomsday scenario in PMs

I didn’t believe it immediately but soon after Rambus convinced me to Bail and that saved my ass.

Well here we are again…FWIW …These things an be Brutal

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This weekly chart for GLD shows the critical black dashed S&R line which could end up being a very large double top reversal pattern

I showed you this combo chart in the Weekend Report last night which has the 2011 and 2020 highs for both GLD and SLV. The chart above shows the possible double top trendline on this weekly chart for GLD. Note how the price action hit the possible double top trendline and had a small rally telling us the double top trendline is still hot.

You can also see SLV ‘s double top trendline which was broken to the down side in May and may be completing the backtest, blue circles.

What you are looking at on this combo chart may be one of the best lowest risk entry points for a big move you may ever find. Note the 2011 top on GLD. When that bottom trendline gave way that was the official beginning of the bear market to follow. I still remember that day vividly as GLD broke through that trendline like a hot knife through butter. The gold bugs were all calling foul as GLD wasn’t supposed to break lower because it was in a bull market. That breakout in 2013 was the realization that the bull market was over and for those that didn’t heed its warning suffered Unmercifully. Are we on the cusp of seeing something similar?


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Fully’s Comment I hope this does not work out but if it does…well…govern your PMs accordingly

BUT…if you are trying to navigate these treacherous PM and SM markets without Rambus…you may be committing Financial Hari Kari

https://rambus1.com/membership-subscription-service-via-paypal/

Your Welcome