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It’s been a rough four years for Gold, as its declined around $700 (falling around 30%) from its high around $1,900 in 2011. Gold is “attempting” to change this trend!
The Power of the Pattern suggested in 2011 that Gold could be flat to down for years to come, due to a message coming from the Swiss Franc, that billions of free thinking people had created at the time. (see post here). At the same time this message was being sent from the Franc, GLD had become the largest ETF on the planet, making a crowded trade.
On Tuesday of this week I shared with Premium and Metals members that the Swiss Franc was poised for a rally and that it could send a positive message to Gold, the opposite of the message it sent 4-years ago.
If you would like to see why the Franc looked poised to move higher, send us an email to email@example.com and we will send you a complimentary copy of that report.
Joe Friday just the facts….Gold is attempting to break from a 3-year falling channel at (1) and the SPY/Gold ratio is attempting to do the same thing at (2). Gold and the SPY/Gold ratio need to move higher to prove that a trend change is actually in play!
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