Loading ...We can’t see the Dec 2015 low around $1060. If we could, you can project an up-trend line from the Dec ’15 low and the Dec ’16 low which would show two higher lows one year apart.
Plus, connecting a line between the two high points on his chart would show two higher highs. Two higher lows and two higher highs. That bullish to me.
What Armstrong is trying to prove, is that the July 7 $1264 high was the end of the bull market that started only about 6 months prior.
And or he’s trying to prove that the Gold bear mkt that started in 2012 at $1800 is still intact, in other words, the bear mkt is continuing. And Gold is in a 1 year 4 month bounce??? At his age he may be on medication.