If you ask me this looks like a reverse head n shoulders; but you decide as i have owned gold for nearly 10 years.
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Seems like a foot in mouth kind of moment… Got to love PM’s, every uptick is the top and there is never a time when they arn’t overvalued. Yet shorts continue to burn, along with the USD.
except to PM guys, who speak frequently of the fundamentals (money printing, weak dollar, earth going to hell) and frequently of glories to come (2000, we still aren’t as high as 1980 adjusted for inflation, 5000, forever, hyperinflation, future currency, any and all other investments are screwed)…
…but rarely ever speak about exit strategies or fair value or target prices.
🙂
Today’s action certainly suggests foot in mouth…let’s see if it holds. Long term still bullish; but silver is much more interesting at this point.