This post was inspired by a discussion I came across on X, where a technical analyst on CNBC pointed out the inverted head and shoulders pattern forming in the
It has also been 4 years during which gold stocks have been drubbed by the headline US stock index. It is beyond the scope of this post to dredge up all the macro reasoning about why it is different this time. Again, if you read and heard me, you already know. But a constructive macro coming from the depths of this chart’s base/bottom? It’s only just getting started. Of course, there will be volatility and testing of will. But when you have the fundamentals behind you, it sure is easier to deal with that.
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