GLD, SLV — The long view

Posted on Apr 10, 2010 by WHC Bassetti in Letters

SLV.  Notice anything different?

Of course not.

GLD.

What you are not noticing is that these are weekly charts.  The reason you don't notice anything different is because price behavior is fractal.  Fractal means it is self similar at all scales.

Magee never heard of fractal.  It hadn't been invented in his time.

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