FoxV

The International Gold Rush: Bulls May Soon Be Rewarded

"Gold made a double top after an eight year run. Its down down."

hindsight is always wonderfull but completely useless, and in the case of gold, completely wrong.

Can't vouch for the last 8 years, but in the last 6 years gold has made 6 double tops. Each of them similar in magnitude and structure to this one.

The US dollar index however made a double top in 2001 and has been a train wreck ever since. I don't see it turning around anytime soon while Ben is at the helm.

Best predictor of Future behavior is past behavior