The Gold Report: When you look at the PHLX Gold/Silver Index (XAU) between mid-May and mid-July, there’s a perfectly beautiful double bottom. It looked like a big W. Since the beginning of October all commodities have broken down a bit, but that double bottom was so pronounced. Do you attach any significance to it?
Michael Berry: George, when we used to see a “W” pattern we would say “WOW” and when we identified a double top “M” we would say “Mother”! There is a dominant secular quality-of-life cycle in the world, a very long-term cycle, so in the short run, we’re going to have runs up and then … [visit site to read more]
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