Daily Charts - Gold Market prognosis
1.Gold Market prognosis
-gold $Gold - main 2502(GCmain)$ price (US$) is overvalued
-sentiment/positioning contrarian bearish
-(but) trend is still strong +monetary tailwinds
Check out the detail behind this gold market snapshot:
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2.Remember those simple market cycle charts? How clean and clear it all is...
Here's how it really works -- almost always harder than you think while you are in the process
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3.Bubbles are one of the most fascinating aspects of finance and human/crowd psychology... these historical examples go to show how this phenomenon is a constant through time because people are a constant.
Also kind of makes your head spin seeing prices go up 10x in the space of a year (and right back down again).
$.DJI(.DJI)$ $.IXIC(.IXIC)$ $.SPX(.SPX)$
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