Thank you Trades for yet another good perspective.
Nice to see that most of the negetive posting has been deleted. And now you know that most of the forum does appreciate you.
Wow....look at those lower tech's (particularly macd) flatline...
Kind of indicative of the wedging going on in the metals...what does it mean? I agree that we should see either a powerfull breakup/or breakdown occur...volatilty should increase soon...
This is 2012 so anything can happpen, lol....
There is an interesting gold chart that was posted on one of Hoyes updates that shows price skyrocketing to the moon out of nowwhere after some wedging action in the metal...in the mid-seventies I believe...
And that seems to be the consensus, that we are either in a "mid-seventies" type environment where another run in the metals is due, or we are at the actual top (Like 1980) and facing an even more serious decline...
I think it might be difficult to know ahead of time until it actually occurs...