GREY:MPRXF - Post by User
Comment by
hrattleon Jul 19, 2012 5:08pm
82 Views
Post# 20132842
RE: RE: RE: RE: RE: Is Gold about to breakout?
RE: RE: RE: RE: RE: Is Gold about to breakout? ...you are now adopting the point of view...
Rambler you are imagining things. I'm not adopting anything. I simply pointed out a similarity in chart patterns around a psychological price barrier. If you did this in the past I don't recall. The last time we discussed this is was about ETF ponzi schemes - nothing to do with chart patterns or psychological barriers. But maybe you recollect better than I do - refer to your post where you say this....
I only mention QE3 as a psychological trigger - QE3 could support a market rise of perhaps15-20% but the law of diminishing returns is against gold hitting new highs based on fundamental reasons.