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clock Created with Sketch. 09/01/25
16:20
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Originally posted by BullishBearish:
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I think you misinterpreted my post in the first instance and in hindsight it's actually my fault I didn't properly articulate my point, apologies for that. The overall trend on the chart (logarithmic in scale) is up and to the right. The chart shows at this stage there's an equal probably at this juncture, that price is rejected by the upper line of critical resistance which is the 1980's high, 2011 high, current high and as per the note on the chart may correct 20-25% prior to resuming its trajectory. The reason why it's important to highlight this was that reads are made aware of the 8 year cycle but not mentioned is the intermediate consolidative and corrective cycle lasting 3-4 years. 2011 to 2015 and 2020 - 2023 are examples of intermediate cycles. These can be very painful for mining share investors if not navigated properly but can also provide great entry and re-entry to those who are positioned for it. Again, apologies for the crap initial post, I actually got great value out of the chart. Thanks for posting.
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All good fella and your point is valid.
(20min delay)