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The Gold Spike in 1979/80
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<p>[QUOTE="InfleXion, post: 1589698, member: 29012"]Yet gas prices are painfully high, the petrodollar is on thin ice, we are funding another war, and commodities are rising once again due to low interest rates. I don't think metals are currently in a bubble, just that it seems we are retracing our steps. If the cup and handle formations in the 70's are any indication then the current cup and handle formations are telling us that we have a long way to go.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1589698, member: 29012"]Yet gas prices are painfully high, the petrodollar is on thin ice, we are funding another war, and commodities are rising once again due to low interest rates. I don't think metals are currently in a bubble, just that it seems we are retracing our steps. If the cup and handle formations in the 70's are any indication then the current cup and handle formations are telling us that we have a long way to go.[/QUOTE]
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