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Gold in the late 1970s: the chart pattern is eerily reminiscent of the one that has formed in BitCoin over the past few years. [klik to enlarge]

Posted by Richard640 @ 16:23 on August 12, 2017  

Gold in the late 1970s: the chart pattern is eerily reminiscent of the one that has formed in BTC over the past few years. Of course, bubble patterns almost always display certain similarities, but they are particularly conspicuous in this case (if one zooms further out and includes the rally into the initial gold peak in 1974 and the subsequent mid-cycle correction into 1976, the similarities are even more striking – we will show such a longer-term comparison in an upcoming post) – click to enlarge.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.