I hate talking about Gold when it is breaking out. When it is frothy and the momentum players are screaming, that is when I ignore the market.
However, when everybody is calling a top, that is when I start to get happy and take notice.
I am a Gold investor. If you want to understand why, read these: http://marketthoughtsandanalysis.blogspot.com/search/label/Gold. And because I am an investor, I have no interest in 'trading' Gold. Gold is volatile, Gold is emotional, Gold will crush the 'avocados' of momentum players.
So when we have nice pullbacks, then I like to update my charts and to make sure everything is still on track.
Here is the chart I look at to tune out all the noise. Gold bull market still intact? You betcha
Here is my EW count if you are interested.
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1 year ago