You are generalizing without showing any evidence or data. I am chartist and have foreseen the recent stock market top (i.e. shorted the DAX at 7300 points and sold the shorts at 5518), solely based on charts, and I know more chartists who have foreseen that than fundamentalists.
My facts are chart pattern that show that Gold is in a major long term uptrend.
But as in all trends, there are corrections. before Gold will skyrocket, we will see a correction from current or 2000 $ into the broad 600-1400 area.
Further supporting facts is the contrarian indicator sentiment. We see >95% bullish sentiment on gold which indicates that too many are already invested and the short term trend will change soon, as it happened so many times before
Charts? What about fundamentals?
What about the average guy on the street who doesn't own silver or gold?
Of course there will be corrections. A monkey could predict that. What's happening today is a paradigm shift of EPIC proportions. Chartists are getting killed out there.
$600-$1400? Leaving a little room for error there eh?As said in the other thread, I am happy to wager. And, the broad range is just a simplification for this thread. I have clear short, mid and longterm price targets that I do not reveal now.
I'll wager you some BTC right here and now that gold does not go below $1,000. Ever. At least not in our life time.