that was one heck of a breakout from the triangle back down around 1350! yikes … played the triangle well but took profit WAY too early. but, then again, anytime you can say “took profit” then yeah! why would you take profit w/ the mania that is gold … and that’s the reason: “mania.” Sentiment is more bullish gold than anytime in history!
and, believe we had a major (like a 5 count) high back around 1900 and the last “major” correction lasted almost 20 years so … do we have another wave down to complete the correction from a form proportion and balance perspective.
don’t believe Gold is a “sure thing” right now ….stay tuned.