“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
Golden Pitchfork (of Doom)
Since the beginning of 2010, the gold ETF has advanced within the arbitrary lower portion of this Andrew's pitchfork. When it tries to move into the upper half, a two or three month correction appears.