isopatch,
Excellent post, mkts sure in dangerous territory here. Also, someone awhile back (think on collapse thread, not sure) said the key to our mkts and gold would be Japan. With their mark to market period ending end of Sept, it appears that poster will be correct.
This doesn't look too bad, higher highs, higher lows:
quotes.ino.com
Play with the time frames from 1 day to 1 month and you'll see more clearly a sym triangle with the Apex soon.
(TA, remember, is not 100% and neither am I, ggg)
Hence my earlier call for a large up day in gold (not my preferred choice, btw).
Note that so far XAU/HUI has held against the market undertow, another good sign.
Besides here and a few (nearly desered) goldbug hangouts, few are calling for 400 dollar gold, much less higher than that. 300 is held out as the holy grail.
Yet 400(+) is the more sensible chart target for gold. Going to see if I can get access to the ST chart with that target for the thread.
Best
Roebear |
