Human Nature Never Changes

Oil is very late, in a very mature move higher in oil prices and focusing their trades in energy and most certainly leveraging their trades in this two-years move higher. They are being forced to pick a top.  Everyone has become despondent on gold but the cup and handle pattern in gold is going to produce a huge move once the price can breakout. The conditioning of frustration and disappointment in gold has many who will not believe the breakout move in gold until it hits $3,000/oz perhaps:

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