I have kept my super secret system a secret for many years, but I have to let you in on it now because a great calamity will befall gold shortly – once it breaks $1000 it will be downhill to $500. The chart below does not lie!
You will note on my chart that the time scales for the two different time periods does not match. This is because the world has gotten faster, information move quicker, therefore chart patterns are compressed. After many years of study I discovered that the world had accelerated by 40%, so that each day in the 1970s equals 1.4 days in the 1990s.
I then realised that one cannot study gold patterns until 1975, when it was no longer illegal to own gold. This allowed for human emotions to show up in prices. I then realised that the speeding up of information began in 1996, because this was the year that the Internet really began to take off. With this insight, I found this pattern and have kept it to myself to make massive profits but now the charts foretell collapse. You have been warned, get out now.
PS – As you can tell from the above that I don’t put much store in reading tea leaves, sorry, charts. There is a legitimate use of them, but I think a lot of people choose timescales and see patterns just to reinforce their preconception.
We can’t see the chart, the web site has obscured it with a Google ad. (I hate those things) However, the point of your article, the text part is well taken. Agreed.
Mark
Gold costed 400$, but then rised up to 900$. It is necessary to consider this chart in an historical economic context. There http://goldvender.com/2009/07/06/why-buy-gold/ you can see the chart of the price of gold with 1999 for 2009