“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.”
― Niels Bohr
Click on any chart to engorge it
Click on any chart to engorge it
The Real Growth Stocks Ahead
Here is the Gold Miners ETF (GDX) plotted as a ratio of the Russell 2000 Growth Stock ETF (IWO). A bounce off the lower leg of this giant triangle is expected here, followed by an breakout over the upper one in the first half of 2011, as gold stocks greatly outperform even high growth small caps next year.