Disappointment, thy name is precious metals. Take a look:
Here we see:
- An incredible island reversal pattern (see green tint);
- A failure to get past new resistance (red arrow);
- Failure of a major uptrend (circle)
It’s pretty clear gold is announcing deflation is on the way. I have a decent chunk of gold bars and coins, and it’s sad to see the value wither away like this. What a bunch of old world crap.
