Observations:
- Force of the breakout is a function of time and range (or volatility) within the consolidation. The longer the time of consolidation and greater the volitility within the consolidation, the greater the force of the breakout.
- The lastest gold breakout occurred after an extremely volatile and long consolidation. To suggest that it has topped out after 3-months and 9% rally from the breakout ignores the massive energy stored within the previous consolidation.
- Has gold peaked as so many have suggested on F-TV?
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