Remember this chart of mine? It showed a channel where I felt certain gold would be contained after a 10 year bull market run. Well it did not hold and I was humiliated by the determination of the bulls who promptly blasted price right through my little line proving I don’t know nuthin!

The candles here are yearly incidentally meaning each candle is one years time. We are just 60 days shy of the current candle closing out and possibly telling us the future of golds intentions. Does price fall back inside the channel or does it break out above 4411? I don’t know of course and neither do you unless your name is Martin Armstrong!

But its worth keeping in mind anyway. My chart should offer some structure to work with while we wait. If by year end gold cannot sustain itself and run higher then the gold bull may be over since there will be quite a long reversal wick in place (a long wick above the body of the candle is seen at major reversals on most charts). Lets watch and see what happens next. Sixty days to go.