Sunday, August 17, 2014

Gold: "Mass-ive" Trend change?

During the last 30 years every time mass indicator moved above 26 along with a Bollinger Band width above 20, Gold reversed its trend or corrected significantly .The last time this happened was in mid 2013 and Gold was(!!) in a downtrend....Are we going to see a
replay of 1998-2000 situation with gold starting a secular bull market after a fake breakdown move towards 1000- 1100 (and a simultaneous equities top) or an explosion of gold price like 2008-2009...?Pick your poison...