Speaking of gold, when gold goes down, India will be crushed… They are the largest purchasers of gold and believe gold shows wealth. They cash their paychecks into gold…
China has also been buying heavy into gold, or at least that’s what the gold propaganda says. 
traderbase, all of what you’re saying is pretty foreign to me…
All the network and technology stuff you know and you can’t understand color coding? J/K 
Just note the red and green on the bottom plot which is “slow stochastic” then look up. The top plot is the price of a stock index and the colored box relates to the levels stochastic is at. Traditionally red means stop and green means go, which is why I use those colors. If you have questions or want clarification I’m more than happy to give my input, but I need a direct question to answer or help. 
Edit—
I just noticed the embedded chart was actually monthly not weekly. Same concept but I would stick to the link I posted above the picture because weekly is a bit more fluid and quick to respond.
this is what they call momentum trading, or is that something else?
Those two countries are living a bad world economy in the worst way. Gold will always be worth something, that can’t be said for anything else really. (especially the US dollar) What I am saying is, it is a safe bet compared to other things in their desperate world. Gold/silver have been used for 3000+ years, bogus paper money has not.
You would be surprised how many people that are supposedly “intelligent” can’t understand this concept.
ROFL!
“I know what I’m doing”
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?
I’m not advocating trading, I’m suggesting the use of a weekly chart for longer term investing. You could move to the monthly chart but if you’re investing bi-weekly the monthly chart takes too long to print and would be too laggy IMO. I’m suggesting using stochastics because they are a fixed range, momentum based indicator. Unlike MACD for example where you have a variable top and bottom, stochastics provide a fixed top and bottom level. I’m not saying once something hits “oversold” or “overbought” it’s a sure thing, to be clear. In fact I find people that buy oversold and sell overbought blindly to be fools. I have seen countless times where the indicators stay buried in one condition or the other for extended periods of time. It’s no different than divergence that fails, divergence and extreme indicator readings are meaningless in isolation. Price movement is what pays traders/investors, not indicators or generic bias.
This is my basis for discounting some of the traditional economic theories and attempts to “control” the business cycle. The market isn’t priced on a precise equation, it’s priced on black box algos fighting one another as well as millions of participants weighing in, putting their money where their OPINIONS and EXPECTATIONS are. To think you can accurately and precisely predict where the price will go or what the market will do is kind of…well…cocky. This is why I’m an advocate of averaging in or “dollar cost averaging”. I also use covered calls and other option strategies to insulate or mitigate risk with other people’s money.
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At one point items such as sticks, stones and other tangible items were used as currency. Just because something is tangible doesn’t provide any guarantee of future value, though being tangible does increase the odds greatly.
/Blue Eyed Devil’s Advocate
Sticks , stones, shells, coconuts, at one point but gold/silver has been used for over 3000 years consistantly, well not in the US for almost 40 years when the criminals finally got their way but… 
Ammo may be the next currency but gold will still be valued for other reasons.
What the hell dies from golden slugs? Silver, you might have a better argument there because Werewolfs may team up with Zombies. LOL
I understand your point and agree with the odds of that track record holding up, though I despise the commercials and hype that make gold sound 100% guaranteed. The price is more about hype and less about fundamental value at this point IMO. And when investing, securing a profitable outcome is determined most heavily at the time/price you purchase. Who knows how gold would be re-valued post USD?
…also if you are betting on guns and ammo…do you really care about paying down your mortgage in the first place?
Reverse mortgage to get more guns and ammo and gold!
That was supposed to be our little secret plan. DOH!!!