Tim Iacono

I’m not much for technical analysis and was admonished not long ago for calling a “triangle” pattern a “wedge” (or something like that), but it’s nice to see that the forming head-and-shoulders top for the gold price has now been averted as shown below.

Now, that’s not to say that a new one won’t form or that one was even forming to begin with, but, I think I’ll sleep a little better tonight knowing that, if a big correction comes, it will likely start at a higher price.