I can agree with you on the longer trendline for gold (IF one used parallel hope trendlines) - but,
at $1500 p/oz by the end of 2018 - from where we are atm $1283
I would not call that a 'mad year' --- I would call it a rather tame year.
that's apx. a 16% rise -------- a very tepid rise in what one would hope was a bull market.
Unfortunately - if you look the trendline from 2008 - it doesn't even give us a projection of $1500 -
it actually looks more like $1300 -
which would be a rise of 1.25% --
which is even more tepid -- here it is below ------------- no madness here.
sorry
I prefer a normal trendline to a hopeful - parallel 'could be as high as' trendline
that's called la la land
if you want to use parallel trendlines --------- make sure you look at a bottom one as well -- but, perhaps not - might be too much for the nervous system
to me - the higher highs and the higher lows tell me one thing -- it's saying that it's not going anywhere fast -
of course things can change - but, short term wise - there is more against gold than for it.
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