GOLD 0.51% $1,391.7 gold futures

fed to begin quantitative easing today, page-8

  1. 3,382 Posts.
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    SaturnV, events are accelerating though aren't they? NK posted this article today in response to my question on another thread. Gold's fractal pattern is much stronger now than a year ago (polar opposites in fact).

    http://www.gold-eagle.com/editorials_08/nichols032409.html

    "Gold is in a much stronger position now than it was the first time prices hit $1,000, about a year ago. Back then the monthly fractal dimension was stretching down to the low 30s -- indicating imminent trend exhaustion -- as gold was finishing off an epic one-way sprint to the upside."



    The author, David Nichols, then compares gold today with the fractal pattern of the Nasdaq in 1997:



    Before the Nadaq did this:



    Then this!



    Rowingboat.
 
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