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S W
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BIGGER PICTURE levels in gold and silver

- Dan Dontrose - The Fundamental View

There is a newspaper run stock market trading competition being held here in Oz.
I think there are 10 or 12 " experts"

The Astrologer is currently winning
The Chartist is running a clear last

And so it is with charting. Everyone does the same trades using nonsense like support and resistance, fibonacci,and other trailing indicators like Rsi etc.
Market makers know where all these are and run stops up down and sideways ad infinitum.

Which ever way you look at the two BIGGER PICTURE (fundamental view..ha ha ha? ) charts shown here, BOTH ARE STILL IN A STRONG UPTREND

Commented 4226 days ago

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Beginning of the headline :I gave you a shorter term view of silver earlier today. Let’s a take a look at the bigger term implications using the bull market lows as a starting point. First gold. The chart is annotated so feel free to click on it for a larger view. Note that if we take the Fibonacci retracement levels from the entire move from the $255.80 low in 2001 to the $1923,79 highs registered in 2011, the first Fibonacci retracement level and thereby the first real area of STRONGEST support sits at $12.75 which... Read More

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