Source: jsmineset.com This chart overlays the price of gold from October 2012 to now with the chart pattern from 1976. Dj vu.
Great chart. heres another with the bigger picture http://www.forbes.com/sites/greatsp...ment-sour-like-1976-1999-dream-buying-points/ was also discussed here http://forums.silverstackers.com/topic-37487-gold-to-act-like-1976.html
Who knows, but I'm starting to give more credence to Martin Armstrong's predictions. According to Armstrong, Q3 2015 is when the fireworks begin (explosion of the debt bubble).
Out of the few people using a mathematical methodology to 'predict' the price of commodities in this case gold, Martin Armstrong is the best with the most accurate hit list. He predicted the April low this year. I think his prediction of 'Fireworks" in 2015 could easily come true. Were I differ with his reason is not the explosion of the debt bubble but implosion of the derivatives market. This will make the debt bubble seem like the proverbial walk in the park.
Eerily similar to what I can see now on the charts! If it will follow that pattern, then it will go up! If that happens, it takes silver with it! But last week 60+ % of Kitco's experts were predicting lower gold prices for this week... I wonder if that will happen. This is a huge spike... Let's stay alert to what the Fed says or does.