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Kitco on Gold in "cup and handle" chart pattern

ChessmanChessman Posts: 1,602 ✭✭✭
in Precious Metals


Interesting Kitco contribution: the idea is that as with many investments chart analyis can be used to discern future values. Those like me who have been surprised by volatility can take solace from the reality that the overall direction of the precious metals is positive. I saw one analyst on CNBC a couple of weeks ago saying that the 10 year bull run was soon coming to an end, but he had a huge bias as many traders do. Text

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    tneigtneig Posts: 1,505 ✭✭✭
    Is that the overall 'future' direction or data on the chart now?
    COA
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    DoubleEagle59DoubleEagle59 Posts: 8,200 ✭✭✭✭✭
    I only have to look at the 'money printing chart' to predict gold's future price.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
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    bronco2078bronco2078 Posts: 9,964 ✭✭✭✭✭


    Chessman , did you just use the avatar change day feature to go from regular spock to bizarro spock? image




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    cohodkcohodk Posts: 18,621 ✭✭✭✭✭
    Is that bias any different from the Bulls bias?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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