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Thanks for these Charts Farmer…I have a different interpretation
A Cup and Handle Pattern is Usually very Bullish
AND
Wedge Patterns are Consolidation Patterns…they will always breakout one way or another
I see 4 reversal points so far thats an even number and therefore Bullish …and even if there is a pause at the top line..this being a log chart i bet that line is near 4,000
….
Rest my case
Lol….you may well be right Fully. There are certainly conditions that would change my viewpoint if I saw them.
THANKS to both of you — the debate back/forth has been enlightening and entertaining!
Well done!
I will state my viewpoint again: I’m a believer that gold will reach unimaginable (as of now) heights and silver will go minimum 3x the rate of rise of gold.
During the final stages of this bull market, which will go on for years, GSR might even go lower than 16.
I’m quoting someone here: “When a bull resumes, it is vital to change mindset. One can not play a bull with a bearish mindset. If you doubt the bull, you will not be able to change mindset. You have to believe in the bull or you end up being a victim of the wall of worry, i.e. your own emotions.”
GL