Is Gold Now Replaying 2010-2012? | Metals Mine

  • Is Gold Now Replaying 2010-2012?

    From sunshineprofits.com

    The 2019-2021 gold chart is disturbingly similar to that of 2010-2012, but it does not have to be the harbinger of a bear market. Many ancient cultures saw history as cyclical. According to this view, society passes through repeated cycles. Can this apply to gold as well? I’m not referring here to the simple fact that we have both bull and bear markets in the precious metals – I refer here to the observation that gold’s price pattern seen in 2019-2021 mirrors that of 2010-2012. Please take a look at the chart below. As you can see, in both periods, gold was steadily rising to a peak in the third quarter of the ... (full story)

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Trader#491E
Mar 9, 2021 3:39pm
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To make this case, Gold on Gold comparison will not do. For the 2 relevant periods superimpose Yields and if you get the similarity you point to then maybe - else Gold on Gold means little plus fractals look alike even when their actual behaviours may not be similar - "looks" is not the same as "feel" in markets - we do not trade history we trade the fractured now - which may look smooth in history but does not feel smooth now.

The Crow (-_-)

PS: This question of "look" and "feel" is something Mandelbrot really brought into sharp focus. In his models he took into account how changes in the speed of movements (transactions) over different segments of live markets, tend to "distort" time in trading. When we compare periods usually there is no sense in which we are able to bring such fine points to relate to the compared periods. They can be key.
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chirorodziva
Mar 9, 2021 10:16pm
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Big picture on gold weekly time frame is indicating the possibility of gold finding support around $ 1200 in the long run. Probably bitcoin is the new gold until 2024 as per your projection.
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