gold technicals
#330 is a huge line
for a 3-year chart it is critical as a Cup & Handle lip level
a nice U-shape curve with #330 as the top
right now a Handle is being formed with indecision, profitaking
if #330 is broken, indications are far a target of nearly #400
longer term, like 15 years, a bigger phenomenon is occurring
a downtrend is clear from 1985 onward to 2000
its downtrend line is now intersecting at #330
in the words of another writer
"when #330 is penetrated, the whole world of technicians will notice, and gold will get its due respect"
until then, we have morons like WattMan poopooing
and JazzCat calling me obnoxious
so what if I am obnoxious?
the big difference is that I admit mistakes, take 6 months to read and learn and analyze, using my God-given gifts as a statistician and economics devotee, and attempt to clarify and simplify this difficult world of...
gold, currency, bonds, interest rates, debt, economics, trade, inflation, monetary policy, history, cycles, etc
this is tough
I dont suffer fools well, never have
I just hope my own insecurity doesnt get in the way of making money
it has usually led me to listen unduly to FOOLS who are exceptional salesmen with strong charisma
/ jim |
