Not long ago I called a top on silver based on a parabolic rise. Now gold is extremely overbought and has risen to parabolic levels - I believe that a in gold top is now imminent.
The fundamentals for such a huge rise in gold are not sound. Typically gold trades with an inverse correlation to the dollar, but the dollar has been trading sideways for months now:
Silver has also risen, but it is far below its recent parabolic top:
And copper, fellow metal and economic barometer, has turned markedly lower:
0 comments:
Post a Comment