It's an interesting use of chart analysis: not to guess at what gold'll be, but what its past pattern shows about it now.
Printing money, debt ceiling about to be surpassed yet again, a credit rating decrease. Yeah...sure. The gold bubble is about to pop. All bets are off when it comes to “charts”. These “charts” never had to deal with the insanity we’re dealing with right now.
Do any of these investment pros who write these articles know about the basic 20/10/10 rule?
The Chinese are hoarding gold, governmentally and individually, and are refusing to revalue the yuan. What do you trust more, gold, or a dollar that can be anything our bankers want it to be?
The Chinese are hoarding gold, governmentally and individually, and are refusing to revalue the yuan. What do you trust more, gold, or a dollar that can be anything our bankers want it to be?
“It’s remarkably easy to find evidence for a position you’ve already taken”
Boy, ain’t that the truth...