RE:Charts vs opinions...egos!!Well, you misunderstood what I posted. Yes, there is value to charts but charts/technicals based on managed markets and manged expectations will fail dramatically when those underlying issues change dramatically. I guess you must know more than many others out there who also know a lot. Glad you're make money but one can't ignore the basic fact that the game has been rigged for so long few can remember when it wasn't ... or wasn't so preposterous as right now. IE:
Michael J. Ballanger has written a timely article called: "Navigating around the "Invisible Hand"..." quote:
"The Trump-Mnuchin-Powell "directive", which engaged the Working Group on Capital Markets during the last weekend before Christmas 2018, has worked both beautifully and criminally as the term "moral hazard" has crept back into the mainstream dialogue. Once again, as we have seen countless times since "free markets" were transformed into "managed markets", charts and graphs and volume studies carry zero sway over the "invisible hand" of the politico-banker cartel...."
The precious metals markets and their stocks have been fixed for many long years now and it is coming to an end. It may be that one sees a 'double bottom' and reverse H&S here ... but how one can accurately predict the timing and scope of the imminent bull is merely guesswork here ... and it could happen very fast. Can anyone tell us when the derivatives monstor will suddenly implode? NO. Managed markets be damned.