@martis
"These are small moves wait until next year when we witness a 2009 to 2011 rise only steeper imo."
Do you understand the basis behind the late 2008-early 2011 gold "bubble" (yes, I know it based at $280 after 20 year bear from Hunt Bros mania of late 70's thru 1980 collapse and subsequent 20 year bear...I was part of it), and started rising around turn of century after so-called "tech crash", I was there at the time, up front and close and personal....and trading it). In 1980 (a sucker, caught falling knife), and 2001.
I suggest perhaps not, you may not understand it, despite having explained it here many, many times.
This is a very serious discussion for all gold longs, something vital to understand (of course you are welcome to disagree).
Do yourself favour (as Molly might say).
CLUE:
Pls chart gold from late 2008 - 2011 peaks overlaying the the
publicly available dates for QE 1 and QE 2, when all expected not just inflation , but hyperinflation in US. By the time QE3 was announced, it (inflation) had never happened (au contraire), ppl realized they were terribly wrong in their judgements (and related decisions and hence actions), the jig was up, and gold sold off, and indeed, continues to sell off to this day.
The down trend since 2011 has never been broken. Never. Not even 3 touches. You're a chartist you can draw a WEEKLY trend line from 2011 to current (I've done it 50 times here, not doing it again).
Just add in the dates of QE 1 and QE2 on chart (QE3 too, if you like).
I realize this might conflict with your own thinking but presumably this is a Forum for intelligent discussion where each can learn from the other. Surely that's the idea?
But then, maybe I'm wrong.
Happy New Year.
