Post
Topic
Board Economics
Re: Gold: I smell a trap
by
cypherdoc
on 06/10/2011, 03:49:01 UTC
now look at this 15 yr weekly chart of the S&P 500.  stocks lead the economy.  see that hook DOWN over at the far right?  what does this tell you about where we're headed?  we've formed a huge downsloping head and shoulders formation over the last 10yrs which is extremely bearish.  again, if the economy and stocks tank, what will happen to gold which is also hooking down?