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Re: eik post# 33504

Friday, 06/23/2017 10:08:03 AM

Friday, June 23, 2017 10:08:03 AM

Post# of 44393
Yes, his style is a bit condescending, but that's pretty much normal for "chartists". If you look for a cyclical pattern in most things you usually find it IMO. Myself, I have been focused on patterns involving precious metals and how they act WRT the fed raising rates. This last rate hike PM did not follow previous patterns...well not exactly. We had increased volatility and a sell-off for weeks prior to the big inflationary event (pricing in an anticipated bounce). But this time, we have not seen PM reverse this sell-off...they has been trading sideways I guess this year traders sold in June and went on vacation. If this is the case, we won't see much price action until September. Be well.
S~P
PS, I give you three guesses how I'll spend my summer vacation:


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