Post by
HonestAbe on Nov 20, 2013 2:56pm
Gold Projected Move
In case you are wondering, the theoretical measured move in gold is supposed to be approx $1200 +/- $10 with a target date of either late Fri (Nov 22) or early Mon (Nov 25). I am unsure if one of these is a USA holiday or not. This was to be after gold failed to breach $1295 on last Fri (Nov 15) and I mentioned this as clue to look out for which would signal another downleg in gold which is what we are now getting. It should rally strongly from this new interim bottom. GLTA.
Comment by
pdcon1 on Nov 20, 2013 7:23pm
your probably right this could be the last kick at the can and the Dow bubble , if you look at the charts the dow is in no mans land waiting for an excuse to tank just waiting for someone to make the first move . https://www.kitco.com/ind/Baillie/2013-11-18-Gold-is-Going-Down-Dowwnn-Dowwwnnn.html
Comment by
Curvature on Nov 20, 2013 11:46pm
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Comment by
pdcon1 on Nov 21, 2013 6:07am
charts dont lie we have the makings of another major correction Dow falls off a cliff gold may fall farther like off a stool . This is the first time I have compared the dow to a bubble as those were saying about gold at 1900 , guess they made it happen . Smart money today stays with the golds .