The Canary In The Coal Mine
April 25th 2009 16:18
I don't know whose FaceBook site I'm on, but this chart tells us everything we need to know to survive the next 10 to 15 years. The Government doesn't want you to know this, and seems content to have you continue losing money by suppressing Gold so you don't hear the alarms sounding.
The chart starts in 1922. The first peak was in 1931 and bottomed in 1940. The next peak was in 1962 and bottomed in 1982. This last peak was in 2001-2002 and is nowhere near bottom after eight years. In fact it looks like we are only half way!
Looking at the Daily chart of the ETF GLD, it appears the the ETF broke a trendline connecting thje two major peaks. The weekly chart of the ETF GLD looks like a huge base that would give us an upside target of $1,300 or better.
Stay tuned and stay long Gold and Silver
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