Paint drying is like watching a bullet train go by in comparison with the gold price atm. Some needs to reboot the gold trading bots, as i think they are all frozen.
If i was looking at gold's price movement through an ECG monitor, i would have pronounced it dead. We need to get out the defibrillator.
So is this a good or a bad sign? I am completely lost with regards to future movement......which compliments the fact that I had no idea in the past.
Hard to say, it feels like its going to break out soon in some direction. I just hope this time it's up!
Looking at past exponential blow-offs, it appears to me that the time between the initial high to the interim low and back up to the high is a 'v' shape ( about the same time frame) which also coincides with about the same amount of time to go to its blow-off price. So going from the 2011 high .....if we don't see a low until 2018, then it could be another 14 years until the blow-off top occurs....I hope I am still alive and not in the early stage of dementia.
So you seen financial stability lasting for another 10 years? You have a lot of faith in people. Or maybe i just too little.
3 or 4 more years of head in the sand, another 3 for the early awakening and then 7 to the end. $8000 gold.....
Well i hope your predictions are as wrong as everyone else before you. And I'm sure they will be with an extremely high degree of probability
