Gold Sector: Blow Off In Progress But 'Launch Phase' Confirmed
Gold Sector: Blow Off In Progress But ‘Launch Phase’ Confirmed by Gary, Notes From The Rabbit Hole On March 4 we reviewed the technical reasons why the gold sector was launching as opposed to blowing off. This, after articles began appearing calling the rise to that point a doomed parabolic blow off using daily charts. Those calling it a blow off were confused; silver in spring 2011 was a blow off in the terminal sense. But when a parabolic move comes off a bottom, it is an impulsive thrust to change the trend, possibly ending the bear market. We have...
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