Yes, LGL could go to $1.60 and you could draw a nice red line...

Yes, LGL could go to $1.60 and you could draw a nice red line and interpret it in any way you want (dependant on what you are drinking at the time). The stegosaurus pattern was by far the most useful chart that I have ever seen on HC. Recent chartist comments I have read on HC are TLS to move to $2.30 & PDN to $2.40 etc. However,despite what the LGL chart indicates to chartists, with the US$ and now EURO being racked with problems and losing their status as reserve currencies, there is very little option but for gold to take off as the only true reserve cirrency. So my view is that LGL could very easily go to $3+ again very soon and that is much more likely than $1.60 being reached.