“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 in Swiss Francs and Australian Dollars
The Swiss Franc and the Australian Dollar are seen as safe havens. The Swissie because, well, it's Swiss; the Aussie because it actually pays positive real interest rates. The next big move in gold should bust both of these triangles to the upside this fall, as the sovereign doom intensifies.