Interesting take.
Wheat and Gold are two separate issues, Wheat is a commodity, and in my personal opinion, and I'm sure it can be an arguing point with some, ... but gold is not, ... it would be like saying Money is Commodity, but that shoulder matter, and a topic for another day, but the three metals that I eliminate or greatly minimize from the Commodity category to a large extent are Copper, Silver and Gold, even though they are used commonly as conductors and such in many of our industrial and commercial needs.
TA is TA and if Gann's story holds true and what I am getting out of this article (I'm referring to the gold chart), ... is that we should not see a move "below $1,180" if and when we do move into that area over the next few weeks or months, I dont think the gold chart is implying that we cant go lower, its point out that we've already had the double bottom, which many here can relate to.
Very interesting read CurveBall, ... I missed this one, thanks for posting it. |
