Superlurker Chris just sent me this 50 year log chart

A simple statement

thanks Chris

I wish you sent this before yesterday when farmer convinced me to sell some of my stash 🙂

this has to be the biggest and most perfect cup and handle pattern in the history of Patterns

The Price Objective from the bottom of the cup thru the top is…um…ASTRONOMICAL

IF I POST IT IT WOULD MAKE EVEN PO BALONEY BLUSH

SHEESH

….. OK SCREW IT…LETS DO THE MATH ( note pedro nailed my math…here is the revision )

THE PRICE OBJECTIVE OF THE MASSIVE C&H WOULD DERIVED BE FROM ABOUT $4 ( BOTTOM OF THE CUP ) TO $40 ( TOP OF THE CUP MID POINT )

SO THAT IS A 900 % MOVE ( a log chart measures % moves )

WHAT IS AN 900 % MOVE UP FROM $40

3 …2…1

$400 AN OUNCE