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Politics : Welcome to Slider's Dugout

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To: SliderOnTheBlack who wrote (2161)8/7/2006 12:41:10 AM
From: clinto eastwood   of 50730
 
Gold appears to be in the midst of an ABC price correction. Unhedged gold producing companies are also signaling an ABC correction. The C wave down which has commenced should see prices fall below the A wave bottom, which was $270.54. A probable target for the C Wave Bottom is $265, which should be reached around the end of August/September.

Once the correction on HUI has been completed the price of gold should rise substantially above the 1980 high of $850.00.

Once these C Waves have been completed the price rise, both for gold and gold shares, should be substantial.
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