Its beginning to feel a lot like greed buying in stocks and metals… As talked about in today’s video and many other times in the past 10 days we are waiting to see if we get a bearish price pattern on gold miners, or a blow off time. Today looks and feels like a blow-off top in gold and miners. We could see price gap up tomorrow or maybe more up for another day or two, but overall I think big selling is just around the corner. My story has not changed, it just that them market always has a way for dragging patterns out longer than you anticipated.
The saying is “If the market can’t shake you out, it will wait you out.”
Here are two gold cycles… See chart below or login to view:
https://www.thegoldandoilguy.com/wp-content/uploads/2010/04/3-Cycle.jpg532548adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2016-03-03 13:43:422016-03-03 13:43:42Gold Cycles Are Topping - Believe It or Not