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Strategies & Market Trends : Classic TA Workplace

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To: Moominoid who wrote (61713)	12/15/2002 11:28:14 AM
From: At_The_Ask	Read Replies (1) of 209892

Well, don't get me wrong. I've been a gold bull since I saw my first dow gold ratio chart a couple of years ago. You can't just print money forever without having commodity inflation. I also believe that gold has been suppressed by the US government and in fact they admit it on the treasury website. Godot posted the link to the site on cfz. Also the relationship between the ten year yield has been manipulated, there was a very good article on it at gold-eagle. com. Technically: I think it likely is an ed since 88. If so we have to get some sort of wave five down. All of the waves since then seem to be 3 wave moves. How low does it need to go? I'd say 30-50 points would be perfectly acceptable for wave five down. Let's say we top at 350 and then retest 300-310 and then begin impulse up. Thats hardly a bearish count. at_the_ask.tripod.com Check out the long term chart. I updated it with a count from the ath's. I guess we find out soon... What is your alternate? Straight shot till $600?

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