Metanor Resources MEAOD

Gold to $ 5000 silver to $ 300

[ramblersrest]

According to Ron Rosin the move will start momentarily as both are pretty well at long term support ..He also says the USD will soon continue its long term down trend ....Gold usually goes down when there is no fear ..Fear level seems to be low within a world that many say is unravelling .Most are in denial , sleepwalking , concerned with trivial matters while storm clouds gather ......There are lengthy lists of reasons that fear will increase ....Offhand a prime example of danger is North Korea with nuclear weapons , perfecting delivery missiles and motivated to use them ....

[JRaffles]

I do not understand what a "running flat correction" is that Ron Rosen often refers to. Also, it is confusing when some "experts" are aligned with Ron Rosen's view, whereas others, Clive Maund, Tim Wood, for example, take a diametrically opposite view.

[LbinLoL]

https://www.bloombergview.com/articles/2014-01-07/10-reasons-the-gold-bugs-lost-their-shirts

[ramblersrest]

JR---The running flat correction is Elliot Wave lingo and means "total exhaustion and washout " reaching long term bottom support ...It is supposed to be a rare event depicting change of long term cycle ....I have not read Wood but Mound expects a short term recovery from support I believe . Rosen on the other hand expects the up move to be long term reaching $ 5000 per oz gold @ 17

[ramblersrest]

Clive Mound has now joined Ron Rosen in interpreting the TA as predicting a near term return to a strong bull market in precious metals stocks ...