As I mentioned in my last post there is a disturbing possibility that gold’s intermediate cycle has topped, and done so in a left translated manner. For clarification, left translated cycles often lead to lower lows. In this case if gold did top on week 9 and the intermediate cycle is now in decline, then the odds are high we are going to see the June low of $1179 tested and broken before the next intermediate bottom.
DAMAGED WEEKLY CHARTS
Posted by Toby Connor - GoldScents
Share on Facebook
Tweet on Twitter
I know Mike is a very solid investor and respect his opinions very much. So if he says pay attention to this or that - I will.
~ Dale G.
I've started managing my own investments so view Michael's site as a one-stop shop from which to get information and perspectives.
~ Dave E.
Michael offers easy reading, honest, common sense information that anyone can use in a practical manner.
A sane voice in a scrambled investment world.
~ Ed R.
Inside Edge Pro Contributors