Tuesday, August 25, 2015

Gold's Pattern Is Identical To 1980

The major difference is that now is not 1980 and the level of deflation we face now will exceed anything ever experienced in modern history. Nevertheless that falling wedge usually resolves to the upside, if only for a little while... 

FWIW, this is Prechter & Co's count as well, last I checked which was several weeks ago. I'm taking a break from wave counts that change every other day. 

Gamble at your own risk. Read the prospectus carefully before throwing all of your money away.