GOLD
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0.51% $1,391.7 gold futures

Laza Some observations on your charts: - Chart 1 is six weeks...

  1. timber1956
    7,424 Posts.
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    28/11/15
    17:34
    Post #: 16501648
    Laza

    Some observations on your charts:

    - Chart 1 is six weeks out of date. The price has fallen over $90 an ounce since then, which should be enough to prompt a reassessment.

    - I know that the text books interpret a down sloping flag as bullish (which puzzles me), but we have been trading in a down sloping flag since 2012. Chartists have been predicting a bull market for most of that time on this basis and huge amounts of money have been lost. At what point is reasonable to question this orthodoxy.

    - The Gold Futures Seasonal chart hasn't been updated since 2007. Can you tell us what the recent seasonal trends have been?
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    lightbulb Created with Sketch.  Great analysis
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