The chart plots the gold equivalent of 100 shares of RGLD.
To the shock of the reader, RGLD was no profitable since 2003 began, it went in a long sideway channel, heck it may underperform the metal itself. For RGLD to outperform the metal, you need to buy it when 100 shares of RGLD equal 2.70 ounces of gold, and sell shares when 100 shares of RGLD become equal to...
Not only does the Gartley pattern fit pretty well, the projected buy point lines up with the support levels marked by the signs of strength that occurred back in July. The high of the first sign of strength offers a good stop loss point.
