This gold bug index really has a silver mirror attached to it at 146.8
The 311.74% increase from 2001 to July 2002 can be projected almost identically by using reflection which resulted in same % of price target hitting around 600 before it collapsed. If the current narrow downtrend channel is valid and price broke below 146.8, the next cluster of support would most probably be around 125-130.
The 311.74% increase from 2001 to July 2002 can be projected almost identically by using reflection which resulted in same % of price target hitting around 600 before it collapsed. If the current narrow downtrend channel is valid and price broke below 146.8, the next cluster of support would most probably be around 125-130.
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