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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST

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To: TobagoJack who wrote (6045)5/6/2006 11:21:16 AM
From: Moominoid  Read Replies (2) of 217619
 
Don't know why you sold - gold seems to be in the 1 of 3 wave up from the March low. I just wonder why I haven't bought more :) Though the Aussie Dollar is doing pretty good too.

stockcharts.com

Now wave 1 was $113 so wave 3 has to be at least as big....

But the apparent wave 1 is so far $72. So wave 3 of 3 has to be at least as big (but wave 2 could be a signficant pullback so maybe you were right).

$800 wouldn't be out of the question for the top of 5 of 3.... and the up move wouldn't be complete...

OK so this sounds nuts that gold will be at an all time nominal high in another quarter of a year?

But backed up by this:

stockcharts.com
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