Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: rubbersoul who wrote (30807)	8/24/2011 11:35:53 PM
From: Wade	Read Replies (1) of 48092

GDX I am not sure how the person count it as start of D-wave. I think there are two possible counts from here, could be more of course.... 1. It just finished the X-wave correction and started moving into another ABC sideway correction for several months that could be as long as 9 months..with lots of chops. Who knows. 2. This is a wave 3 of 3. Wave 1 started from June. It all depends on what is going to happen On Friday. From the short covering actions today, it seems that these guys wanted to smack down gold hard the get out of their shorts and puts in a hurry. May be they know it will be gold bullish. Ha...just my wishful thinking. I am digging in for sure with some rotations only. This one from Zerohedge caught my eye: Charting The Biggest Structural Problem For US Banks, And What The Market Expects From Jackson Hole, Version N+1 zerohedge.com "This also explains why according to Cembalest one of the expectations by the market from Jackson Hole is that IOER will be cut to 0% to promote bank lending, and thus the conversion of reserves into loans (something which the inflationistas out there will tell you is a big risk to a sudden surge in out of control inflation). " They have to do control release, otherwise, we are going to get huge inflation in a heartbeat.

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