GREY:ABGFF - Post by User
Comment by
TheCardinalon Sep 26, 2011 2:45pm
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Post# 19085051
RE: JMHO
RE: JMHOExactly ! It's the last big "Flush-The-Chumps" handle-pull before the next leg of the PM bull gets underway.
The good news : it'll be over soon, and the next wave up will be the storied 3rd-Wave, with its breath-taking "3-of-3-of-3" in the middle.
The bad news : first, it could easily go even lower, with gold down to - briefly, anyway - under $1500 and silver all the way to its long-term trendline off the October 2008 lows, which is now coming in just above $23 .
It won't be for the faint-of-heart.