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Thursday, April 01, 2010

The Gold Chart Is Looking Good

Gold has probably finished making its head and shoulder pattern.



The second attempt at a right hand shoulder is probably it for the pattern since it is down to the level of the left hand shoulder of the bigger overall pattern.

"We are spending more money than we have ever spent before, and it does not work. After eight years, we have just as much unemployment as when we started and an enormous debt to boot."
-US Treasury Secretary, Henry Morgenthau, May, 1939

[The "Great Depression", for some (all did not endure hardship to the same degree), was about 15 years long from 1930 to 1945]

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