Fool’s gold re redux…


We demurred when the last buy signal in gold was offered us, as recorded here.  Good instinct, or good analysis, or good gracious – anyway it worked out not to do it, because today’s action is a clear island reversal formation.  Not that anything is dependable anymore, but good practice says you should take classical signals even in confusing cross current markets.  So now we’ll see if it goes down, as it should according to ancient knowledge.

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