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<p>[QUOTE="EdThelorax, post: 3261219, member: 99854"]The PM market has the same feel to me as it did in 2002. Gold just made a 3rd higher low. The consolidation period has spent the patience of all but the most diehard gold bulls. </p><p>I believe it is on the verge of breaking the light blue downtrend resistance line. </p><p>When gold breaks 1300, it will be a shot heard round the world, where everyone knows that the long term uptrend has resumed. I often don't comment as I feel a picture is worth a thousand words. Probably a couple thousand of mine. Many times I am not sure of how price will react to what I draw, but feel that what I draw is significant. I certainly do not ever mind answering questions. I always have an opinion about questions, every once in a great while I get the answer right.[/QUOTE]</p><p><br /></p>
[QUOTE="EdThelorax, post: 3261219, member: 99854"]The PM market has the same feel to me as it did in 2002. Gold just made a 3rd higher low. The consolidation period has spent the patience of all but the most diehard gold bulls. I believe it is on the verge of breaking the light blue downtrend resistance line. When gold breaks 1300, it will be a shot heard round the world, where everyone knows that the long term uptrend has resumed. I often don't comment as I feel a picture is worth a thousand words. Probably a couple thousand of mine. Many times I am not sure of how price will react to what I draw, but feel that what I draw is significant. I certainly do not ever mind answering questions. I always have an opinion about questions, every once in a great while I get the answer right.[/QUOTE]
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