This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
.
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
.
The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj
Cycles are best understood as probabilities for directional movement. Those gold cycles that turned down at $1900 have now turned up with the price of gold now plumbing previous lows which are by definition major support.
The price objective once this experience is over is $2100, and is where it will trade in time.
I can only imagine what a deluge of emails this will bring from the Gold Internet Trolls.
My Dear Extended Family,
ReplyDeleteCycles are best understood as probabilities for directional movement. Those gold cycles that turned down at $1900 have now turned up with the price of gold now plumbing previous lows which are by definition major support.
The price objective once this experience is over is $2100, and is where it will trade in time.
I can only imagine what a deluge of emails this will bring from the Gold Internet Trolls.
Respectfully yours,
Jim (Sinclair)
W