following the 70s fractal , 2018 should begin the ascent of gold . many factors will come into play. because of the 70s fractal i originally thought the 40yr cycle would top in 2020 . i am becoming more open to the idea that 2022 would see the top. we have plenty of time to think about that one.
this area is the 1st area of real resistance. 1265-1270. there are plenty of catalysts. here and now. the hui is at levels seen when gold was in the 400-500 range. it has been sold hard. after all deflation has been the order of the time. miners perform well in an inflationary environment up until now the opposite has been the order of the day. w/interest rates rising, that should change. we need to see money velocity start to turn up. 0rates give no motivation for folks to do anything, risk is the choice.
it was time to take the question mark off of course its a theory until we make highs above say 1400
which i think happens in 18
dharma its time to see if the market works higher. of interest to me is modi barely took gujurat, his home state in the present election. so folks are not enamored w/his work to date