Loading ...I posted this chart a couple days ago while all the “hi-fivin” and hoopla of meeting old friends at the new Oasis was going on. Don’t know if anyone looked at it but it is a giveaway IMO. I know, it just looks like a bunch of parallel lines, but if you enlarge the chart and look a little closer you’ll see that it is actually three sets of pitchforks that all start at the beginning of this gold bull…..so the first point of all three pitchforks starts at $253.20.
Now you tell me what the odds are of having each of the three major corrections in this gold bull make a pitchfork that is so exact that the center line on each pitchfork is the same; one laid over the next laid over the next??? I know, just random coincidences??? ……or is this gold bull on a short leash and totally under control?????
I know…..it is of little interest if all you are doing is day trading the ETF’s, but if you are a serious PM investor you might want to take a closer look!! All the best from silverngold.
