Quickpost: Guys, Gold is in a DEcending triangle.
I have seen a couple of posts showing the current formation drawn as a symmetrical triangle, and that simply isn't the case. This is a descending triangle and the target gets the price action below the long term black trendline.
The monthly chart shows the situation quite clearly, and the situation is bearish.
The S&P is staged to dump, paper precious metals are going to dump into the grave with everything else as every bull in the trap gets their margin call.
The monthly chart shows the situation quite clearly, and the situation is bearish.
The S&P is staged to dump, paper precious metals are going to dump into the grave with everything else as every bull in the trap gets their margin call.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion
