Loading ...of this rally…and caused so many to. exit early…I can’t. be sure but I am operating on. the premise that the old rulebook must be set aside…if u. have your portfolio of PM shares already just sit tight and don’t trade. the squiggles…I think gold will go to 1700, 1900 or higher in 3 to 6 months…He writes=
Gold also is extreme overbought at levels not seen since the peak of July 2016, based on the daily RSI and MACD Line, and in the case of the weekly RSI, since the August 2011 peak. Large and small speculators are loading up long while the Bullion Banks are piling on the shorts with open interest only higher in July 2016. As for sentiment, it seems everyone is bullish Gold these days. The data is not on Gold’s side.
That’s old school folks…stocks aren’t contained. by these rules anymore…neither is Bitcoin…so. why just gold?