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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: LLCF who wrote (13845)	6/19/2006 11:33:19 AM
From: loantech	Read Replies (2) of 78419

Not shades of Prechter. I thought we already hit 250 several years back. Precter got his number but hopefully not his time scale. We go to $1500.00 POG next big run. <Now that we appear to have reached the peak of major wave ONE at $725 we can make some guesses as to the peak of the big major Wave THREE which will follow once the current Wave TWO correction is completed. We now know that the $725 level is 2.83 times the $256 start of the bull market. We can project that the peak of Wave THREE will be at least 2.83 times the low point of this correction. As Wave THREE could be the strongest of the bull market, it is possible that the multiple could be higher, possibly 1.618 x 2.83 = 4.58. If the low of wave TWO turns out to be, say, $545, the recent intra-day low, the following would be the targets for the peak of wave THREE: $545 x 2.83 = $1,542.00 $545 x 4.58 = $2,496.00 The 2 largest corrections during Wave THREE should be of similar magnitude to the 16% corrections experienced in Wave ONE. 321gold.com

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