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

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To: Rocket Red who wrote (58087)	4/1/2008 11:43:36 PM
From: loantech	Read Replies (1) of 78421

370 is possible also......... But I will go with this call: 321gold.com With this scary fundamental situation underlying the markets, it is realistic to anticipate that the current correction in the gold price may be sub-normal, i.e. less than the 16% expected decline, and may be over fairly quickly. A "normal" large correction of 16% from $1011 would produce a target of around $850. A 12% correction, which is possible in these circumstances, would produce a target of about $890. If the 12% decline is calculated from the cash market high price of $1033, the target becomes about $910. It seems that any price below $900 represents a buying opportunity, especially when we consider what comes next in this gold bull market. What comes next is Large III of Major THREE.>>>>>>>>>> The above forecast for the peak of Major THREE at $2042 assumes that Wave III and V will be equal at $722. If they turn out to be equal in percentage terms, then the target for the end on Major THREE increases to $2442. It will be possible to attempt an estimate of the likely shape of Large III once a low point has been established for Large wave II which is under way at present. The low point of Large II will be the starting point for Large III, the analysis of which will be for a future Update.>>>>>>>> IMO years of watching what has happened to the tune of 10's of billions in the mortgage market dwarfs the gold market. Gold's rise has barely begun. I am sticking with my gold stocks. Our financial problems are far from over and gold will benefit. Even idiots like my self at the bottom of the home loan morass can see the damage already done by the fools running Wall Street.

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