friday already?

Time for a new thread and since we didn't manage to start a Thursday one I thought I'd just skip straight to Friday.

I have been watching gold a bit lately as the bubble is getting to the irrational stage. CNBC keeps banging on about how much higher it will go so that's as good as any other sell signal imo.

Here's a monthly technical view as far back as my data allows. I think the technical view is spelt B U B B L E.

While TSR doesn't have to stop at the line drawn, the timing pulse looks about right on MRC. Still, never forget a market can stay irrational longer than you can stay liquid.