Gary > What people say and what they do are quite often two different things.
Reminds me of the expression,"Only in America."
> Action is the only reality and that is shown in the charts
Depends which charts one looks at, where one is and how one looks. Like with beauty, the "action" is usually in the eye of the beholder.
So, while I agree with you that POG (in USD) is still in an uptrend, in other currencies the picture is not so rosy.
stockcharts.com[l,a]dalaynay[de][pd50,2][ilb14!la12,26,9]
In the Euro.
stockcharts.com[h,a]dalaynay[dh][pd150,2][ilb14!la12,26,9]
In the Swiss Franc.
stockcharts.com[h,a]dalaynay[dj][pd150,2][ilb14!la12,26,9]
In the Australian Dollar
stockcharts.com[h,a]dalaynay[dj][pd150,2][ilb14!la12,26,9]
And maybe even in the Canadian dollar, which is on a knife-edge.
stockcharts.com[h,a]dalaynay[dj][pd150,2][ilb14!la12,26,9] |
