5 thoughts on “CHART OF THE DAY

  1. Gary

    In order to confirm a daily cycle low gold has to rally far enough to break the cycle trend line. That comes in at about $1290. So I wouldn’t try to pick a top before then. And if gold rallies that far it would complete a weekly swing, which would be a first confirmation of an intermediate degree bottom.

    There is only one way that gold can continue lower: another extreme manipulation event.

    I’m of the opinion the manipulation has probably run it’s course so i’m not really expecting that as this point.

  2. Anonymous

    Gary I don’t know why you keep talking about a manipulation ‘event’. The manipulation is the nature of the gold market itself!

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