A circumstantial evidence for a looming correction

BSW

I used to receive fliers from goldcoin sellers.  They are colorful and good quality cards that are bigger than normal postcards, with pictures of the various goldcoins (usually 1 oz each) and clearly marked prices.  I remember receiving fliers showing prices at $7xx.xx and $9xx.xx over the last couple of years.  Interestingly, each time when I was flooded with these fliers (to be accurate, "flooded" is a little exaggeration. Just several fliers in a few days span), the market soon experienced an intermediate term correction in gold (and the market in general).  

Now I just received the first flier showing the asking price at $12xx.xx level.  If the history and pattern holds, a major correction should soon be upon us, hehe.

股往金来

回复 1# BSW


it takes how long from first drop to flood?

爱在雨中

呵呵，看起来是的，TA是这么显示的，这次黄金和其他商品包括原油一同经历correction，是否说明黄金的金属属性开始大于货币属性了呢？那么。。。可就说明市场要发生大的变化喽。。。

ranchgirl

回复 1# BSW

Thanks LZ for sharing the experience with us

sooners

回复 1# BSW


    hehe