One can often obviously 'find', 'see' or 'read' whatever they want to 'read' or 'see' as a pattern or trend depending on the specific selective time frame/period one chooses-another trend/pattern within a trend, within a trend, within a trend etc etc etc. perhaps ??
Why don't you do the same exercise for varying periods on different 'gold' indicators and see if you come to the same conclusion or are you just trying to justify your long held and vociferously expressed bearish view on gold generally ?
Needless to say a lot of your previously expressed 'forecasts' I've seen based on your analysis has been way off the mark.
I suppose if you repeat the same 'line' often enough you'll be right eventually given the fluctuating nature of markets...
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Dusko Ljubojevic, MD
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