The pattern is a symmetrical triangle In traditional technical analysis, a symmetrical triangle is a continuation pattern.
It would make sense. At the time of the peak of gold's most recent bullish move to 1900 oz., the Fed announced operation Twist. Whatever they may have accomplished with that must be over by now.
The fundamentals haven't changed. The only question that one might have is if the Obamabots can manage perceptions so well that the bullshit goes undetected. In that case, gold may even go down. Everybody will believe the bullshit and began living like they did before, which would be a mistake.
Actually, if the government was really fixing anything, they'd be fixing something. They aren't fixing anything, so nothing is fixed. It is being made to look like it's fixed. Like perfuming a turd, it's still a turd.
1 comment:
You might want to check this technical analysis program: http://www.cognitum-research.com/en/wave-explorer
Post a Comment