Gold and Silver Juniors, Mid-tiers and Producers Message Board

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

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To: Metacomet who wrote (54278)	12/16/2007 9:22:12 PM
From: Claude Cormier	Read Replies (1) of 78422

I think it is a possibility. But the probability of this happening is low. The highest probability is for gold to explode from here ($787-$800) once the current consolidation pattern completes. The next higest probability is for gold to go to $775 and stay above before rallying hard. At worst, the gold correction, which is currently a symmetrical triangle, will do like silver and morph into a regulat flat bottoming in the $750-$760 area. That would be a 50% retracement. The flat could extend itself and bottom at $725-$730, a 61% retracement of the recent advance. More or less.

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