“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
Gold Stocks Tap Short-Term Resistance
Gold miners pulled back today from the steep downtrend of the last 5 months. On the longer term weekly chart below, a large falling wedge may be forming - one that may take another 6 - 9 months to resolve. We then anticipate a rapid rise to $80 - $90 per share for GDX, perhaps by the second quarter of 2013.