Perhaps those of us who have long invested in gold stocks are about to have our day.
Did you see my post regarding the 6 year down trend?
It certainly feels like we are getting to the point that gold needs to make a decision.
Great analysis by the way.
https://steemit.com/gold/@unclehermit/does-the-break-out-in-gold-signify-the-end-of-the-dollar
You are viewing a single comment's thread from:
Yes, I did read it and I too had written the blog and predicted that the smashdown will happen to get the price below the trendline and it did by 20 $! Advantage of these trendline is that sooner or later without any movement in price because of time dimensions the price eventually will go above the line. Gold and silver are a long term investment. I think 2020/2022 is the time frame when you can buy a house with a single gold coin. But much pain before that.