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gzmann
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PM Sector update - Not a Flag or Pennant But a Top - New Longs About To Be Fleeced

- Clive Maund -

I am holding pat right now. You seem to be quite confident in your predictions here. Most gold analyst actually write what you have written EXCEPT they are humble to admit there is a possibility because of very unusual political/economic/social/military problems lately- things indeed may be different this time ( aka TRUMP). They also comment that perhaps if things continue upward there may be a short squeeze by the commercials which has happened in the past. Sure there may be up and downs but to say the market is going down as you describe -- I too believe you have stepped too far. IF you are correct I will become a subscriber for life!!! Goodluck! for you but I truely hope you are wrong and will deserve the wrath of the people sending you negative comments ( for you will have cost some people a boat load of money and the train will have left the station).
Perhaps you should have left a little doubt for your reader????

Commented 2977 days ago

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Beginning of the headline :Many analysts and writers have described the pattern forming in the past couple of weeks in gold as a "bull Flag or Pennant" with some appearing to be "playing to the gallery" - i.e. telling their audience what they want to hear, which is that gold will continue to go up. I, on the other hand, decided that the triangle that had formed was not a continuation pattern, but a top, and said so about a week ago. So, as you will readily understand, I was not looking good when gold seemingly broke out u... Read More

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